ArcelorMittal (NYSE:MT) Given New $61.00 Price Target at Wells Fargo & Company

ArcelorMittal (NYSE:MT) had its price target increased by Wells Fargo & Company from $60.00 to $61.00 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on MT. Santander lowered ArcelorMittal from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of ArcelorMittal in a research note on Monday, April 20th. Morgan Stanley restated an “overweight” rating on shares of ArcelorMittal in a report on Tuesday, February 17th. Oddo Bhf upgraded shares of ArcelorMittal from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 14th. Finally, Jefferies Financial Group raised shares of ArcelorMittal from a “hold” rating to a “buy” rating and lifted their target price for the stock from $51.10 to $73.20 in a research report on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.07.

ArcelorMittal Price Performance

MT stock traded down $0.34 on Friday, hitting $56.87. 2,023,120 shares of the company’s stock traded hands, compared to its average volume of 1,519,022. The stock has a market cap of $44.08 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 0.48 and a beta of 1.48. ArcelorMittal has a 1-year low of $29.62 and a 1-year high of $67.60. The company has a current ratio of 1.36, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $57.32 and a 200-day moving average of $50.24.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $15.46 billion for the quarter, compared to analyst estimates of $17.04 billion. ArcelorMittal had a net margin of 4.71% and a return on equity of 4.79%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, analysts forecast that ArcelorMittal will post 4.61 EPS for the current fiscal year.

ArcelorMittal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. ArcelorMittal’s payout ratio is 12.44%.

Institutional Trading of ArcelorMittal

Several institutional investors have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. purchased a new position in ArcelorMittal in the third quarter valued at about $41,399,000. UBS Group AG increased its position in ArcelorMittal by 405.2% in the 3rd quarter. UBS Group AG now owns 1,181,358 shares of the basic materials company’s stock worth $42,706,000 after purchasing an additional 947,532 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in shares of ArcelorMittal during the 4th quarter worth about $30,721,000. Senator Investment Group LP acquired a new stake in shares of ArcelorMittal during the 4th quarter valued at about $26,431,000. Finally, Auto Owners Insurance Co lifted its holdings in shares of ArcelorMittal by 4,457.0% during the 4th quarter. Auto Owners Insurance Co now owns 367,568 shares of the basic materials company’s stock valued at $1,675,000 after buying an additional 359,502 shares during the last quarter. 9.29% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: EU steel tariff increase could lift volumes and pricing in Europe, a potential near?term boost to ArcelorMittal’s margins and production plans. ArcelorMittal Eyes Boost From EU’s Doubled Steel Tariffs
• Positive Sentiment: Company highlighted record Liberian output and operational resilience, which supports raw?material security and lowers unit costs — a constructive factor for medium?term cash flow. Is Strong Q1 Resilience And Record Liberian Output Altering The Investment Case For ArcelorMittal
• Positive Sentiment: Wells Fargo raised its price target (from $60 to $61) while keeping an “equal weight” rating — a modest vote of confidence that offers limited upside from current levels. Wells Fargo price target update via Benzinga
• Neutral Sentiment: Q1 earnings call/transcript shows management pointing to volume resilience and cost actions but acknowledging market headwinds; watch for commentary on spreads and guidance in the full transcript. ArcelorMittal S.A. (MT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analysts and sites (Zacks) dug into Q1 metrics — revenue grew year?over?year but margins and some KPIs show mixed signals; useful for model updates but not a clear direction. Here’s What Key Metrics Tell Us About ArcelorMittal (MT) Q1 Earnings
• Negative Sentiment: Revenue missed expectations (reported ~$15.46B vs. ~$17.04B consensus) and net profit/earnings declined versus the prior year (EPS down to $0.75 from $1.05), raising concerns about margin pressure and demand softness. ArcelorMittal Q1 2026 results press release
• Negative Sentiment: Market reaction reflects investor worry that weaker-than-expected top?line and continuing profit slide could limit near?term multiple expansion despite operational positives. MarketBeat Q1 coverage

ArcelorMittal Company Profile

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.