Arcelormittal (MT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
Arcelormittal (MT) stock forecast summary
On Oct. 16, 2026, MT is rated Neutral: its 90-day Total forecast sits in the middle 30% of the 5172 stocks scored that day.
Arcelormittal is a large-cap company with a market capitalization of $47.99B. It ranks number 2 by market capitalization among the 11 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) issuers in our coverage with a current forecast. Its Current Ratio of 1.36x is the lowest of the 10 peers that report one.
For MT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 29.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 25.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.0%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How MT ranks among 5172 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Arcelormittal (MT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) peers listed below that report each metric.
Valuation & Market
| Metric | MT | Rank |
|---|---|---|
| Market Cap | $47.99B | 2/11 |
| P/E Ratio | 5.75x | 6/6 |
| EPS | $10.97 | – |
Profitability & Margins
| Metric | MT | Rank |
|---|---|---|
| ROE | 15.7% | 4/8 |
| ROA | 8.7% | 4/8 |
| ROIC | 15.7% | 3/7 |
| Tax Rate | 24.4% | – |
Financial Health
| Metric | MT | Rank |
|---|---|---|
| Current Ratio | 1.36x | 10/10 |
| Quick Ratio | 0.53x | 10/10 |
| D/E Ratio | 0.76x | 6/11 |
| Financial Leverage | 1.79x | 7/11 |
| Working Capital | $8.09B | 1/9 |
Cash Flow
| Metric | MT | Rank |
|---|---|---|
| Operating Cash Flow | $11.70B | 1/10 |
| OCF Growth YoY | -54.1% | 7/7 |
Operational Efficiency
| Metric | MT | Rank |
|---|---|---|
| Inventory Turnover | 9.2x | 3/9 |
| Days Inventory | 40 days | 7/9 |
| Payables Period | 28 days | – |
Income Statement
| Metric | MT | Rank |
|---|---|---|
| Operating Income | $11.81B | 1/7 |
| Net Income | $8.53B | 2/8 |
| R&D Expense | $1.21B | – |
| SG&A Expense | $7.62B | 1/10 |
| Cost of Goods Sold | $171.33B | 1/8 |
Dividend & Shareholder Information
| Metric | MT | Rank |
|---|---|---|
| Shares Outstanding | 761M | – |
| Net Income Growth | -59.8% | 5/5 |
| EPS Growth | -52.8% | 6/7 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $30.61B | |
| Cash & Short-term Investments | $5.39B | |
| Accounts Receivable | $3.48B | |
| Inventory | $18.59B | |
| Total Liabilities | $41.17B | |
| Short-term Debt | $9.51B |
MT quarterly financials and insider trading
Arcelormittal (MT) industry peers
Companies classified under the same SEC industry code as Arcelormittal (Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| MT Arcelormittal | ▶ | $47.99B |
| NUE Nucor Corp | ▶ | $58.15B |
| STLD Steel Dynamics Inc | ▶ | $34.48B |
| TS Tenaris Sa | ▼ | $30.88B |
| CRS Carpenter Technology Corp | ▶ | $18.69B |
| TX Ternium S.A. | ▼ | $11.21B |
| CMC Commercial Metals Co | ▶ | $7.19B |
| SXC Suncoke Energy, Inc. | ▲ | $870M |
| MTUS Metallus Inc. | ▶ | $852M |
| TWI Titan International Inc | ▲ | $429M |
| ASTL Algoma Steel Group Inc. | ▲ | $423M |
Where MT sits on the market map
Arcelormittal (MT) stock news
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Arcelormittal (MT) stock forecast FAQ
What is the Arcelormittal (MT) stock forecast?
On Oct. 16, 2026, MT is rated Neutral: its 90-day Total forecast sits in the middle 30% of the 5172 stocks scored that day.
How accurate are Arcelormittal stock predictions?
For MT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 29.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 25.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Arcelormittal forecasts updated?
Arcelormittal forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Arcelormittal's industry peers?
11 issuers in our coverage, MT included, share the SEC industry code Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens). The largest are: Nucor Corp (NUE), Steel Dynamics Inc (STLD), Tenaris Sa (TS), Carpenter Technology Corp (CRS), Ternium S.A. (TX), Commercial Metals Co (CMC).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.