ENXTAM:MTMetals and Mining
Is ArcelorMittal (ENXTAM:MT) A Bargain Or Is Its Rally Fully Priced?
ArcelorMittal (ENXTAM:MT) is back in focus after investors weighed its latest share performance against reported revenue of €62.8b and net income of €1.8b, putting renewed attention on how the steel group is currently valued.
Recent trading has cooled slightly, with the share price down 4.3% over the past week to €64.36. However, ArcelorMittal still carries strong momentum after a 61.5% year to date share price return and a 120.5% total shareholder return over the past year. This hints that...