Algoma Steel Group (ASTL) Stock Price, News & Analysis

Company Overview

Algoma Steel Group Inc. is a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company operates a modern electric arc furnace (EAF) complex and an integrated rolling mill, enabling it to transform scrap and direct reduced iron into a wide range of steel products. Algoma Steel Group returned to public markets in 2021 with listings on both the Toronto Stock Exchange and the Nasdaq under the symbol ASTL.

Founded in 1901 as Algoma Steel Corporation, the company grew to become one of Canada’s leading steelmakers before undergoing restructuring in the early 2000s. Following a period of restructuring and modernization, Algoma Steel Group has invested in advanced steelmaking technology, environmental controls and downstream processing capabilities. These investments support the company’s commitment to sustainability and to meeting the evolving specifications of its customers.

Algoma Steel Group produces a diverse portfolio of flat-rolled products, including hot-rolled plate, pickled and oiled sheet, galvanized, galvanealed and painted steel coils. These products serve key end markets such as automotive, construction, energy, rail and machinery. With an emphasis on quality, traceability and on-time delivery, Algoma Steel Group supplies customers across Canada, the United States and select export markets.

Key Stats

• Today's Range: $3.21 to $3.41
• 50-Day Range: $3.19 to $6.12
• 52-Week Range: $3.02 to $12.14
• Volume: 2.23 million shs
• Average Volume: 1.59 million shs
• Market Capitalization: $347.32 million
• P/E Ratio: N/A
• Dividend Yield: 6.04%
• Price Target: N/A
• Consensus Rating: Reduce

Algoma Steel Group Stock Analysis - MarketRank™

Algoma Steel Group scored higher than 55% of companies evaluated by MarketBeat, and ranked 104th out of 189 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Algoma Steel Group.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Algoma Steel Group are expected to grow in the coming year, from ($0.63) to $0.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Algoma Steel Group is -1.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Algoma Steel Group is -1.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Algoma Steel Group has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.85% of the outstanding shares of Algoma Steel Group have been sold short.

Short Interest Ratio / Days to Cover

Algoma Steel Group has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Algoma Steel Group has recently decreased by 4.27%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Algoma Steel Group is a leading dividend payer. It pays a dividend yield of 6.04%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Algoma Steel Group does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 44.44% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.85% of the outstanding shares of Algoma Steel Group have been sold short.

Short Interest Ratio / Days to Cover

Algoma Steel Group has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Algoma Steel Group has recently decreased by 4.27%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.38

News Sentiment

Algoma Steel Group has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Algoma Steel Group this week, compared to 3 articles on an average week.

Search Interest

20 people have searched for ASTL on MarketBeat in the last 30 days. This is an increase of 186% compared to the previous 30 days.

MarketBeat Follows

2 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Algoma Steel Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.77% of the stock of Algoma Steel Group is held by insiders.

Percentage Held by Institutions

72.00% of the stock of Algoma Steel Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ASTL Stock Analysis - Frequently Asked Questions

How have ASTL shares performed this year?

Algoma Steel Group's stock was trading at $9.78 on January 1st, 2025. Since then, ASTL stock has decreased by 66.2% and is now trading at $3.31.

How were Algoma Steel Group's earnings last quarter?

Algoma Steel Group Inc. (NASDAQ:ASTL) posted its quarterly earnings data on Tuesday, July, 29th. The company reported ($0.74) earnings per share for the quarter, missing analysts' consensus estimates of ($0.45) by $0.29. The firm earned $433.14 million during the quarter, compared to the consensus estimate of $577.67 million. Algoma Steel Group had a negative trailing twelve-month return on equity of 22.24% and a negative net margin of 13.51%.
Read the conference call transcript.

How do I buy shares of Algoma Steel Group?

Shares of ASTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Algoma Steel Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Algoma Steel Group investors own include NVIDIA (NVDA), Broadcom (AVGO), StealthGas (GASS), Adobe (ADBE), Arista Networks (ANET), GE Aerospace (GE) and Jabil (JBL).

Company Calendar

• Last Earnings: 7/29/2025
• Today: 10/05/2025
• Next Earnings (Estimated): 11/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: STEEL - PRODUCERS
• Sub-Industry: Steel Works
• Current Symbol: NASDAQ:ASTL
• CIK: 1860805
• Web: www.algoma.com
• Phone: 705-945-2351
• Fax: N/A
• Employees: 2,844
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): ($2.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$62.28 million
• Net Margins: -13.51%
• Pretax Margin: N/A
• Return on Equity: -22.24%
• Return on Assets: -10.20%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 2.46
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: $2.07 billion
• Price / Sales: 0.17
• Cash Flow: $1.31 per share
• Price / Cash Flow: 2.52
• Book Value: $10.17 per share
• Price / Book: 0.33

Miscellaneous

• Outstanding Shares: 104,930,000
• Free Float: 96,781,000
• Market Cap: $347.32 million
• Optionable: Optionable
• Beta: 1.55