ArcelorMittal stock touches new 12-month high as analysts lift targets
Published on 09/09/2026 at 17:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ArcelorMittal stock (ISIN LU1598757687) is trading near a new 12-month high after the shares reached about USD 79.68 on the New York Stock Exchange on September 9, 2026, marking a strong continuation of their 2026 rally. As MarketBeat reported on September 9, 2026, the stock hit this intraday high before last trading around USD 77.14, underscoring solid investor demand following robust earnings momentum and recent analyst revisions.MarketBeat
Stock hits fresh high with strong 2026 performance
According to MarketBeat on September 9, 2026, ArcelorMittal stock traded as high as USD 79.68 and was last seen around USD 77.14, compared with a prior close of USD 78.74, implying a modest intraday pullback of about 2 percent from the high while still hovering close to that new 12-month peak.MarketBeat
MarketBeat also notes that the move came as part of a broader upswing in the shares over recent months, with the consensus analyst price target now standing at about USD 74.80, so the latest intraday high of USD 79.68 places the stock roughly 6.5 percent above that average target.MarketBeat For investors, this premium to the consensus is a signal that the market is already pricing in a significant portion of the expected earnings improvement for 2026.
Recent results show revenue growth and margin pressure
In its most recently reported quarter, which covered the second quarter of 2026, ArcelorMittal delivered revenue of USD 16.76 billion, up 5.2 percent from the same period a year earlier, highlighting that underlying demand and pricing remained resilient across its steel and mining operations.MarketBeat The quarter ended within the last nine months, so the figures provide a current snapshot of operating trends.
However, MarketBeat reports that earnings per share for that quarter came in at USD 0.90, missing the consensus estimate of USD 1.18 by USD 0.28, while the company’s net margin stood at 2.88 percent and return on equity at 4.20 percent, pointing to cost pressures and steel price volatility that are weighing on profitability despite higher volumes.MarketBeat For comparison, the same quarter in the prior year generated earnings per share of USD 1.32, so the latest figure represents a decline of about 31.8 percent year on year, even as revenue expanded.
MarketBeat adds that, on average, equity analysts presently expect ArcelorMittal to achieve earnings per share of roughly USD 4.48 in the current fiscal year, indicating that profitability is forecast to recover over the remaining quarters of 2026 as operational efficiencies and potential improvements in steel pricing feed through.MarketBeat
Analyst actions and sector risks frame the outlook
Analyst houses have been active on ArcelorMittal in recent sessions, underscoring both upside potential and sector risks. According to MarketBeat, Wells Fargo raised its target price on the shares from USD 62.00 to USD 69.00 in a late-July report while reiterating an equal weight rating, reflecting improved confidence in the company’s balance sheet and cash flow but also a belief that the stock’s valuation already discounts much of the anticipated recovery.MarketBeat
In Europe, AlphaValue/Baader Europe recently downgraded ArcelorMittal to Sell while lifting its price target, according to MarketScreener’s governance overview updated on September 7, 2026, illustrating a more cautious stance on cyclical steel exposure at current price levels.MarketScreener MarketScreener also highlights that the share price on the Börse Stuttgart venue stood at EUR 66.00 as of September 8, 2026, down 2.22 percent on the day yet still up 75.78 percent since January 1, 2026, showing how the latest dip came after an exceptionally strong year-to-date rally.MarketScreener
These diverging ratings underscore the central risk factors for ArcelorMittal: sensitivity to spot steel prices, energy costs and macroeconomic conditions in key markets. A recent report on its Ukrainian subsidiary ArcelorMittal Kryvyi Rih underlines this point, noting that average electricity prices reached about USD 170 per megawatt hour in August 2026 and are expected to be even higher in winter, pressuring competitiveness and margins across the region.SteelOrbis For shareholders, elevated input costs are an important counterweight to the otherwise robust demand picture.
Next results date and what investors watch
Sector commentary compiled by Zonebourse indicates that the broader steel industry is facing a mild production decline in 2026, with the next scheduled earnings season checkpoint for ArcelorMittal being its third-quarter 2026 results release on November 12, 2026, which is highlighted as a key upcoming event.Zonebourse That release will allow investors to test whether the projected full-year earnings per share of USD 4.48 are still realistic in light of steel demand and cost trends.
Until then, the share price trajectory is likely to be driven by a combination of global growth sentiment, steel benchmark prices and company-specific initiatives such as efficiency programs and higher value-added products. The recent launch of AM/NS Pelican premium galvanised steel by ArcelorMittal Nippon Steel India, designed for construction and infrastructure applications, illustrates the group’s push into higher-margin niches, although this joint venture is not itself publicly listed.Whalesbook For ArcelorMittal investors, such product developments are part of the longer-term narrative on how the group aims to sustain margins through the cycle.
Stock stays near high on NYSE reference price
On the New York Stock Exchange, which serves as the primary reference venue for ArcelorMittal’s ADR in USD terms, the shares recently closed at about USD 78.74 on September 8, 2026, before trading in a range between USD 77.14 and USD 79.68 on September 9, 2026, with the latest price near USD 77.14 and a daily volume of roughly 1,131,859 shares according to MarketBeat.MarketBeat This places the stock close to its 12-month high, offering existing shareholders notable paper gains while prompting new investors to weigh cyclical risks ahead of the November 12, 2026, results.
Key data on ArcelorMittal stock
- Company: ArcelorMittal S.A.
- ISIN: LU1598757687
- Ticker: MT
- Trading venue: NYSE
- Price (as of September 9, 2026, 16:00): 77.14 USD
- Market capitalization: 19,000,000,000 USD (as of September 9, 2026)
- Sector / Industry: Materials / Steel
- Index membership: STOXX Europe 600
- Next earnings date: November 12, 2026
