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ArcelorMittal (MT) Moves 14.9% Higher: Will This Strength Last?
ZACKS· 2025-04-10 13:55
ArcelorMittal (MT) shares ended the last trading session 14.9% higher at $26.97. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 26.8% loss over the past four weeks.MT's rally follows a spike in material stocks after President Trump declared a 90-day pause of reciprocal tariffs for most nations.This company is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-ove ...
ArcelorMittal's Big Buyback Plan Will Enrich Shareholders
Seeking Alpha· 2025-04-08 14:59
As a value investor, I always enjoy digging into companies from a fundamental perspective, especially when those companies end up being cheap from a valuation standpoint. The steel production industry is known for low multiples, and that's because of volatility inCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stoc ...
ArcelorMittal Unveils New Share Buyback Program for 2025-2030
ZACKS· 2025-04-08 12:55
ArcelorMittal S.A. (MT) has announced the initiation of a new share buyback program following the completion of its 85 million share buyback on April 2, 2025. The new program will involve share repurchases conducted in multiple tranches, which may be announced through May 2030, with the first tranche allowing for the repurchase of up to 10 million shares. This will begin immediately under the authorization granted at the company’s annual general meeting of shareholders on April 30, 2024, and if applicable, ...
New ‘Steel Works' series showcases the role of R&D in driving innovation at ArcelorMittal
GlobeNewswire News Room· 2025-04-07 15:27
The third instalment of the ‘Steel Works’ thought leadership series focuses on innovation at ArcelorMittal, its unique proposition and vision for steel in the future.   ArcelorMittal’s ‘The Steel Works’ content series, featuring members of the Company’s global leadership team provides insight into the long-term trends, demand drivers, and innovative solutions and technologies that ArcelorMittal is developing to shape the future of the steel industry. The latest Steel Works four-part mini-series focuses on ...
ArcelorMittal announces the commencement of a new share buyback program over the period 2025-2030
Newsfilter· 2025-04-07 06:30
Core Viewpoint - ArcelorMittal has initiated a new share buyback program following the completion of a previous program, with the first tranche involving up to 10 million shares, reflecting the company's commitment to returning capital to shareholders and managing its share capital effectively [1][6]. Group 1: Share Buyback Program - The new share buyback program will be conducted in tranches and may continue until May 2030, with the first tranche commencing immediately [1]. - The first tranche allows for the repurchase of up to 10 million shares, authorized by the annual general meeting of shareholders held on 30 April 2024 [1]. - The actual number of shares repurchased will depend on post-dividend free cash flow, shareholder authorization, and market conditions [1]. Group 2: Company Overview - ArcelorMittal is a leading integrated steel and mining company operating in 60 countries, with primary steelmaking operations in 15 countries [3]. - In 2024, the company generated revenues of $62.4 billion, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore [3]. - The company serves a diverse customer base across various industries, including automotive, engineering, construction, and machinery [3]. Group 3: Corporate Purpose - The company's purpose is to produce innovative steels that are energy-efficient, low in carbon emissions, and cost-effective, supporting the transition to renewable energy infrastructure [4].
ArcelorMittal publishes convening notice for its Annual General Meeting of shareholders
GlobeNewswire· 2025-04-04 06:00
Core Points - ArcelorMittal has announced its Annual General Meeting (AGM) scheduled for May 6, 2025, at its registered office in Luxembourg [1] - Shareholders eligible to vote at the AGM must be on record as of April 22, 2025, at midnight [2] - Meeting documentation, including the Annual Report 2024, will be available on the company's website, and shareholders can request a soft or hard copy of the report [3] Company Overview - ArcelorMittal is a leading integrated steel and mining company operating in 60 countries, with primary steelmaking operations in 15 countries [5] - The company is the largest steel producer in Europe and has significant operations in the Americas and Asia, generating revenues of $62.4 billion in 2024, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore [5] - The company's purpose is to produce innovative steels that are energy-efficient, low in carbon emissions, and suitable for renewable energy infrastructure [6]
ArcelorMittal announces the completion of its 85 million shares buyback program
Newsfilter· 2025-04-02 08:30
2 April 2025, 10:30 CET ArcelorMittal (the "Company") today announces that it has completed the 85 million shares buyback program it announced on 5 May 2023 under the authorization given by the annual general meeting of shareholders of 2 May 2023 and continued under the 30 April 2024 annual general meeting of shareholders authorization. By market close on 1 April 2025, ArcelorMittal had repurchased 85 million shares. All details are available on the Company's website at: https://corporate.arcelormittal.com/ ...
Has ArcelorMittal (MT) Outpaced Other Basic Materials Stocks This Year?
ZACKS· 2025-04-01 14:41
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has ArcelorMittal (MT) been one of those stocks this year? By taking a look at the stock's year-to- date performance in comparison to its Basic Materials peers, we might be able to answer that question. ArcelorMittal is one of 232 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 differ ...
Is ArcelorMittal (MT) Stock Undervalued Right Now?
ZACKS· 2025-03-31 14:41
Investors should also note that MT holds a PEG ratio of 0.14. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. MT's industry has an average PEG of 0.35 right now. Over the last 12 months, MT's PEG has been as high as 0.56 and as low as 0.13, with a median of 0.35. Finally, investors should note that MT has a P/CF ratio of 5.78. This figure highlights a company's operating cash flow and can be used to find firms that are under ...
Fast-paced Momentum Stock ArcelorMittal (MT) Is Still Trading at a Bargain
ZACKS· 2025-03-31 13:50
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...