# ArcelorMittal S.A. (MT)

> Source: Nexqual · https://nexqual.com/MT · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, ArcelorMittal S.A. (MT), nexqual.com/MT" · informational, not investment advice.

**Price:** USD 60.18 (-5.18% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 63.47 · day 59.9–61.66 · 52w 36.7–79.68 · market cap $45.3B · NYQ

## Key facts
- 2 of 80 tracked superinvestors hold MT (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 2.13 on a 1–5 scale) (8 analysts), mean target USD 77.8 (range 63.3–93).
- Total return with dividends: 1Y +56.8% vs S&P 500 +14.9%; 5Y +103.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.94, revenue estimate $16.9B.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold MT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Sarah Ketterer | Causeway Capital Management | 0.01% | $1.3M | Reduced -91.7% |
| Richard Pzena | Pzena Investment Management | <0.01% | $493K | Reduced -55.6% |

## Analysts
Consensus Buy (mean 2.13 on a 1–5 scale), 8 analysts; mean target USD 77.8 (low 63.3, high 93).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | UBS | Upgrade | Neutral → Buy |  |
| 2026-10-06 | Wells Fargo | Target lowered | Equal-Weight | $69 → $64 |
| 2026-08-24 | Morgan Stanley | Initiated | Overweight | $82 |
| 2026-07-31 | Wells Fargo | Target raised | Equal-Weight | $62 → $69 |
| 2026-07-10 | JP Morgan | Upgrade | Underweight → Neutral |  |
| 2026-07-09 | Wells Fargo | Target raised | Equal-Weight | $61 → $62 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +56.8% | +103.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +57.1% | +15.2% |
| Volatility (annualized) | 43.3% | 39.4% |
| Max drawdown | -28.8% (Feb 2026→Mar 2026) | -45.7% (Jan 2022→Sep 2022) |

## Peers (Steel)
NUE (Nucor Corporation) USD 258.06 -2.45% · STLD (Steel Dynamics, Inc.) USD 239.9 -3.25% · RS (Reliance, Inc.) USD 417.92 -0.75% · PKX (POSCO Holdings Inc.) USD 52.35 -6.27% · TX (Ternium S.A. Ternium S.A.) USD 55.36 -6.04% · GGB (Gerdau S.A.) USD 5.07 -3.24%

## More
Full page: https://nexqual.com/MT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name MT in their own reports (relationship from MT's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | TENARIS SA (TS) | 20-F 2026-03-31 | "Among such suppliers are ArcelorMittal Dofasco, which has steel coil manufacturing facilities in Hamilton, Ontario, and Algoma Steel, which has steel coil manufacturing facilities in Sault Ste." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.94 | $1.11 | -16.0% | $16.92B | 3 |
| Next quarter (ends 2026-12-31) | $1.30 | $1.36 | -5.0% | $17.77B | 3 |
| Current fiscal year (ends 2026-12-31) | $3.91 | $4.67 | -16.3% | $67.16B | 6 |
| Next fiscal year (ends 2027-12-31) | $7.10 | $7.23 | -1.9% | $73.45B | 7 |