ArcelorMittal has announced the cancellation of 77,809,772 treasury shares, reducing the total shares in issue to 775,000,000. This strategic move is part of the company's efforts to enhance shareholder value and streamline its capital structure.
The company retains approximately 14.4 million treasury shares for its Long-Term Incentive Plan, indicating a commitment to incentivizing key employees and aligning their interests with those of shareholders.
As a leading global steel and mining company, ArcelorMittal operates in 60 countries and generated $62.4 billion in revenue in 2024. The cancellation of shares is expected to positively impact the stock price, reflecting a stronger financial position.
This decision comes at a time when the company is also urging the swift implementation of a new EU tariff quota to protect the European steel industry, further demonstrating its proactive approach to market challenges.
Wall Street analysts forecast MT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MT is 44.67 USD with a low forecast of 39.00 USD and a high forecast of 49.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
Wall Street analysts forecast MT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MT is 44.67 USD with a low forecast of 39.00 USD and a high forecast of 49.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 53.620
Low
39.00
Averages
44.67
High
49.00
Current: 53.620
Low
39.00
Averages
44.67
High
49.00
Citi
NULL -> Buy
upgrade
2026-01-22
Reason
Citi
Price Target
AI Analysis
2026-01-22
upgrade
NULL -> Buy
Reason
Citi raised the firm's price target on ArcelorMittal to EUR 55 from EUR 45 and keeps a Buy rating on the shares.
Morgan Stanley
Equal Weight -> Overweight
upgrade
2026-01-06
Reason
Morgan Stanley
Price Target
2026-01-06
upgrade
Equal Weight -> Overweight
Reason
Morgan Stanley upgraded ArcelorMittal to Overweight from Equal Weight.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for MT
Unlock Now
Morgan Stanley
Equal Weight -> Overweight
upgrade
2026-01-06
Reason
Morgan Stanley
Price Target
2026-01-06
upgrade
Equal Weight -> Overweight
Reason
Morgan Stanley upgraded ArcelorMittal to Overweight from Equal Weight with a price target of EUR 46.20, up from EUR 33.70, while naming the stock the analyst's Top Pick in Europe's steel market. The firm, which shifts its valuation anchor toward 2027-28 EBITDA to capture earnings upside from safeguards and CBAM, says the upgrade reflects ArcelorMittal's "compelling" operating leverage to a European earnings re-base.
JPMorgan
Dominic O'Kane
maintain
2025-12-03
Reason
JPMorgan
Dominic O'Kane
Price Target
2025-12-03
maintain
Reason
JPMorgan analyst Dominic O'Kane raised the firm's price target on ArcelorMittal to EUR 45 from EUR 42 and keeps an Overweight rating on the shares.
About MT
ArcelorMittal SA is a Luxembourg-based holding company. The Company, via its subsidiaries, owns and operates steel, iron ore manufacturing and coal mining facilities in Europe, North and South America, Asia, and Africa. The Company is organized in five operating segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA, Brazil, Europe, and ACIS segments produce flat, long, and tubular products including slabs, hot-rolled coil, cold-rolled coil, coated steel products, among others. The Mining segment provides steel operations and comprises all mines owned by the Company in the Americas, Europe, Africa, and countries of the Commonwealth of Independent States (CIS).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
