ArcelorMittal stock gains 2.26 percent as buybacks continue

Published on 09/23/2026 at 12:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ArcelorMittal stock closed at EUR 64.28 on September 22, 2026, after a 2.26 percent gain. Mid-September buybacks covered 415,253 shares.

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ArcelorMittal stock (ISIN LU1598757687) closed at EUR 64.28 on Euronext Paris on September 22, 2026, up 2.26 percent from the previous close. The move came as the steelmaker continued its capital-return program, with mid-September purchases adding a concrete support factor for the share price.

Buyback covers 415,253 shares

According to The Globe and Mail on September 23, 2026, ArcelorMittal bought 415,253 shares over several days in mid-September at an average price of EUR 63.83. The purchases were made across venues including XAMS and CEUX and are intended for cancellation.

The average buyback price was EUR 0.45 below the September 22 closing price of EUR 64.28. That comparison places the latest close 0.70 percent above the average price paid in the disclosed mid-September transactions, although the buyback itself does not establish a floor for the stock.

Valuation remains above recent close

Simply Wall St reported on September 23, 2026, that its most followed valuation narrative placed fair value at EUR 66.61, compared with the latest EUR 63.82 close cited in that report. The EUR 2.79 difference represents a 4.37 percent gap between the cited close and that fair-value figure.

The latest analyst figure cited by The Globe and Mail on September 23, 2026, was a Buy rating with a EUR 81.00 price target. The target is EUR 16.72 above the September 22 Euronext Paris close, a difference of 26.00 percent based on those two figures.

Stock closes below yearly peak

Market data cited on September 23, 2026, showed a 52-week range of EUR 29.87 to EUR 68.56 for the ArcelorMittal share. The September 22 close of EUR 64.28 therefore stood EUR 4.28, or 6.25 percent, below the reported 52-week high and EUR 34.41 above the low.

For investors, the combination of ongoing cancellations, a disclosed average repurchase price of EUR 63.83 and a closing price of EUR 64.28 makes capital allocation the immediate measurable theme. The stock remains below the reported yearly high, while the cited EUR 81.00 analyst target provides a separate valuation reference rather than a company forecast.

ArcelorMittal stock holds EUR 64.28

ArcelorMittal stock closed at EUR 64.28 on Euronext Paris on September 22, 2026, after gaining 2.26 percent. The cited market data place the 52-week range at EUR 29.87 to EUR 68.56, while the disclosed mid-September buyback average was EUR 63.83.