Algoma Steel Group (TSE:ASTL) PT Lowered to C$15.00 at Stifel Nicolaus

Algoma Steel Group (TSE:ASTL - Free Report) had its price objective trimmed by Stifel Nicolaus from C$16.00 to C$15.00 in a report published on Tuesday, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Beacon Securities downgraded shares of Algoma Steel Group from a buy rating to a hold rating and increased their price objective for the stock from C$11.00 to C$14.00 in a research note on Tuesday, January 2nd. BMO Capital Markets reduced their price objective on shares of Algoma Steel Group from C$16.00 to C$15.00 and set an outperform rating on the stock in a research note on Wednesday, January 24th. Finally, Cormark reduced their price objective on shares of Algoma Steel Group from C$17.50 to C$17.00 in a research note on Tuesday, March 26th.

Algoma Steel Group Stock Performance

Shares of ASTL stock traded down C$0.11 on Tuesday, hitting C$11.30. The company's stock had a trading volume of 31,436 shares, compared to its average volume of 57,063. The company has a market capitalization of C$1.18 billion, a PE ratio of 17.52 and a beta of 1.52. The company has a debt-to-equity ratio of 10.83, a quick ratio of 1.51 and a current ratio of 2.88. Algoma Steel Group has a fifty-two week low of C$8.64 and a fifty-two week high of C$13.54. The stock's 50 day moving average is C$11.06 and its 200-day moving average is C$10.95.

Algoma Steel Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were issued a $0.05 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.77%. Algoma Steel Group's dividend payout ratio (DPR) is currently 42.19%.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.