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

$8.64
+0.01 (+0.12%)
(As of 12/4/2023 ET)
Compare
Today's Range
$8.54
$8.71
50-Day Range
$6.50
$8.64
52-Week Range
$5.64
$9.20
Volume
545,677 shs
Average Volume
799,816 shs
Market Capitalization
$897.18 million
P/E Ratio
43.20
Dividend Yield
2.31%
Price Target
$17.00

Algoma Steel Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
96.8% Upside
$17.00 Price Target
Short Interest
Healthy
3.41% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of Algoma Steel Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.79%
From $0.96 to $1.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.17 out of 5 stars

Basic Materials Sector

3rd out of 170 stocks

Blast Furnaces & Steel Mills Industry

1st out of 12 stocks


ASTL stock logo

About Algoma Steel Group Stock (NASDAQ:ASTL)

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. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

ASTL Stock Price History

ASTL Stock News Headlines

ASTL Algoma Steel Group Inc.
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Stifel Nicolaus Keeps Their Buy Rating on Algoma Steel Group (ASTL)
Algoma Steel Issues Inaugural Annual ESG Report
Why Algoma Steel Stock Dropped Today
Algoma Steel Gr Earnings Preview
Algoma Steel Inc: Algoma Steel Reports Fatal Incident
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
8/24/2023
Dividend Payable
9/29/2023
Last Earnings
11/02/2023
Ex-Dividend for 12/29 Dividend
11/29/2023
Today
12/04/2023
Dividend Payable
12/29/2023
Next Earnings (Estimated)
2/12/2024
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Current Symbol
NASDAQ:ASTL
Fax
N/A
Employees
2,847
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.00
High Stock Price Target
$17.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+96.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$225.82 million
Pretax Margin
3.37%

Debt

Sales & Book Value

Annual Sales
$2.10 billion
Cash Flow
$2.88 per share
Book Value
$10.68 per share

Miscellaneous

Free Float
N/A
Market Cap
$897.18 million
Optionable
Not Optionable
Beta
1.53
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Key Executives

  • Mr. Michael Dennis Garcia (Age 58)
    CEO & Director
    Comp: $1.03M
  • Mr. Rajat Marwah (Age 49)
    Chief Financial Officer
    Comp: $539.95k
  • Mr. John Ralph Naccarato (Age 56)
    VP of Strategy & Chief Legal Officer
    Comp: $530.25k
  • Michael Moraca
    Treasurer & Investor Relations Officer
  • Ms. Brenda Stenta
    Manager of Communications & Branding
  • Mr. Rory Brandow (Age 63)
    Vice President of Sales
  • Ms. Danielle Baker
    Chief Human Resource Officer
  • Mr. Mike Panzeri
    Senior Vice President of Production














ASTL Stock Analysis - Frequently Asked Questions

Should I buy or sell Algoma Steel Group stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASTL shares.
View ASTL analyst ratings
or view top-rated stocks.

What is Algoma Steel Group's stock price target for 2024?

2 analysts have issued 1-year price targets for Algoma Steel Group's shares. Their ASTL share price targets range from $17.00 to $17.00. On average, they predict the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 96.8% from the stock's current price.
View analysts price targets for ASTL
or view top-rated stocks among Wall Street analysts.

How have ASTL shares performed in 2023?

Algoma Steel Group's stock was trading at $6.34 at the start of the year. Since then, ASTL shares have increased by 36.3% and is now trading at $8.64.
View the best growth stocks for 2023 here
.

Are investors shorting Algoma Steel Group?

Algoma Steel Group saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 3,540,000 shares, a decrease of 8.5% from the October 31st total of 3,870,000 shares. Based on an average trading volume of 467,200 shares, the days-to-cover ratio is currently 7.6 days.
View Algoma Steel Group's Short Interest
.

When is Algoma Steel Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our ASTL earnings forecast
.

How were Algoma Steel Group's earnings last quarter?

Algoma Steel Group Inc. (NASDAQ:ASTL) announced its quarterly earnings results on Thursday, November, 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.07. The firm earned $546.13 million during the quarter, compared to analysts' expectations of $514.96 million. Algoma Steel Group had a trailing twelve-month return on equity of 4.77% and a net margin of 2.60%.

How often does Algoma Steel Group pay dividends? What is the dividend yield for Algoma Steel Group?

Algoma Steel Group announced a quarterly dividend on Thursday, November 2nd. Investors of record on Thursday, November 30th will be given a dividend of $0.086 per share on Friday, December 29th. This represents a $0.34 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for ASTL
.

Is Algoma Steel Group a good dividend stock?

Algoma Steel Group (NASDAQ:ASTL) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.32%. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASTL will have a dividend payout ratio of 17.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASTL.

What ETF holds Algoma Steel Group's stock ?

VanEck Steel ETF holds 116,918 shares of ASTL stock, representing 0.70% of its portfolio.

Who are Algoma Steel Group's major shareholders?

Algoma Steel Group's stock is owned by many different institutional and retail investors. Top institutional investors include Littlejohn & Co. LLC (1.90%), Intact Investment Management Inc. (1.05%), TD Asset Management Inc (0.24%), CenterBook Partners LP (0.21%), Public Sector Pension Investment Board (0.20%) and Mutual Advisors LLC (0.17%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ASTL) was last updated on 12/4/2023 by MarketBeat.com Staff

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