ENXTAM:MTMetals and Mining
ArcelorMittal (ENXTAM:MT) Stock Looks Reasonable As Its 184% Run Continues
ArcelorMittal has delivered a very strong share price run over the past three years, yet both an intrinsic value estimate and market multiples still point to the stock trading below what its cash flows may justify. For anyone considering the steel group today, the question is whether that upside signal remains robust after such a large gain.
Over the past three years, ArcelorMittal has returned about 184%, which raises the bar for new buyers who are considering fresh upside from here.
Future...