Zo vaak al het geval geweest, maar ook vandaag weer de tip van de dag in New York:
On Wednesday, ArcelorMittal SA (ADR) (NYSE:MT)’s shares inclined 2.02% to $4.28. ArcelorMittal SA (ADR) (NYSE:MT) is now worth about $7.09 billion. The share price has made a 11.17% gain in the past 5 days and has lost -61.2% since 2015 kicked off. Analysts are forecasting EPS growth of -1.24% for next fiscal year. The stock trades with a beta of 2.43. The stock price is below by -46.39% as contrast to the average price over the last 200 days.
ArcelorMittal stock was up as iron ore prices rise.
After reaching their lowest levels in ten years two weeks ago, iron ore prices have soared 12% on expectations that the Chinese steel sector could improve the Wall Street Journal reports.
“Interestingly, as we have seen steel prices recover, iron ore has also recovered, defying its own weak fundamentals,” Helen Lau, an analyst at Argonaut Securities, told the Journal.
ArcelorMittal, together with its auxiliaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining.