NASDAQ:ASTL Algoma Steel Group (ASTL) Stock Forecast, Price & News $7.59 -0.21 (-2.69%) (As of 02:46 PM ET) Add Compare Share Share Today's Range$7.54▼$7.9350-Day Range$6.85▼$8.0852-Week Range$5.64▼$9.94Volume487,498 shsAverage Volume1.02 million shsMarket Capitalization$786.10 millionP/E Ratio3.56Dividend Yield2.64%Price Target$12.88 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Algoma Steel Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside70.1% Upside$12.88 Price TargetShort InterestHealthy3.53% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.50Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth70.19%From $1.04 to $1.77 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.18 out of 5 starsBasic Materials Sector2nd out of 164 stocksBlast Furnaces & Steel Mills Industry2nd out of 14 stocks 3.5 Analyst's Opinion Consensus RatingAlgoma Steel Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.88, Algoma Steel Group has a forecasted upside of 70.1% from its current price of $7.57.Amount of Analyst CoverageAlgoma Steel Group has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.53% of the outstanding shares of Algoma Steel Group have been sold short.Short Interest Ratio / Days to CoverAlgoma Steel Group has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Algoma Steel Group has recently decreased by 32.60%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.66%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlgoma Steel Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Algoma Steel Group is 9.39%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 11.30% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASTL. Previous Next 2.5 News and Social Media Coverage News SentimentAlgoma Steel Group has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Algoma Steel Group this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for ASTL on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.MarketBeat Follows2 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Algoma Steel Group insiders have not sold or bought any company stock.Percentage Held by Institutions63.83% 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. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Algoma Steel Group are expected to grow by 70.19% in the coming year, from $1.04 to $1.77 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 3.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 3.55, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 86.77.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Algoma Steel Group (NASDAQ:ASTL) StockAlgoma Steel Group Inc. produces and sells steel products primarily in North America. It 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.Read More Receive ASTL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Algoma Steel Group and its competitors with MarketBeat's FREE daily newsletter. Email Address ASTL Stock News HeadlinesJune 6, 2023 | finance.yahoo.comAlgoma Steel to Announce Fiscal 2023 Fourth Quarter and Full Year Results June 21, 2023June 1, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc up on Thursday (ASTL-WT)June 7, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...June 1, 2023 | msn.comUS Stocks Turn Higher; ISM Manufacturing PMI Drops In MayMay 25, 2023 | finance.yahoo.comAlgoma Steel Upsizes ABL Credit Facility and Extends Maturity Date to 2028May 24, 2023 | seekingalpha.comAlgoma Steel Group: A Hold Until Shipments Are Back On TrackMay 5, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Thursday (ASTL)May 4, 2023 | americanbankingnews.comAlgoma Steel Group Inc. (NASDAQ:ASTL) Short Interest UpdateJune 7, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 2, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Monday (ASTL-WT)April 26, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Tuesday (ASTL)April 14, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Friday (ASTL)April 14, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc flat on Tuesday (ASTL-WT)April 10, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc up on Monday (ASTL)April 8, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc up on Thursday (ASTL)April 7, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc flat on Wednesday (ASTL-WT)March 31, 2023 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Provides Fiscal 2023 Fourth Quarter GuidanceMarch 30, 2023 | finance.yahoo.comAlgoma Steel Provides Fiscal 2023 Fourth Quarter GuidanceMarch 1, 2023 | finance.yahoo.comAlgoma Steel Group Announces Renewal of Normal Course Issuer BidFebruary 16, 2023 | finance.yahoo.comAlgoma Steel Installs First Structural Columns for Electric Arc Steel ShopFebruary 15, 2023 | finance.yahoo.comAlgoma Steel Group Inc. (NASDAQ:ASTL) Q3 2023 Earnings Call TranscriptFebruary 14, 2023 | theglobeandmail.comAlgoma Steel Group reports earnings drop for second straight quarterFebruary 13, 2023 | msn.comAlgoma Steel Group Inc. (ASTL) Reports Q3 Loss, Tops Revenue EstimatesFebruary 6, 2023 | msn.comAnalysts Estimate Algoma Steel Group Inc. (ASTL) to Report a Decline in Earnings: What to Look Out forJanuary 30, 2023 | insidermonkey.com5 Cash-Rich Small Cap Stocks To Invest InJanuary 18, 2023 | seekingalpha.comAlgoma Steel surges as Stifel upgrades to Buy off steel market bottomJanuary 9, 2023 | financialpost.comAlgoma Steel Provides Fiscal Third Quarter 2023 GuidanceSee More Headlines ASTL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTL Company Calendar Ex-Dividend for 3/31 Dividend2/27/2023Dividend Payable3/31/2023Today6/07/2023Next Earnings (Confirmed)6/21/2023Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Blast furnaces & steel mills Sub-IndustryN/A SectorBasic Materials Current SymbolNASDAQ:ASTL CUSIPN/A CIK1860805 Webwww.algoma.com Phone705-945-2351FaxN/AEmployees2,677Year FoundedN/APrice Target and Rating Average Stock Price Forecast$12.88 High Stock Price Forecast$15.00 Low Stock Price Forecast$10.75 Forecasted Upside/Downside+63.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$2.13 Trailing P/E Ratio3.70 Forward P/E Ratio7.58 P/E GrowthN/ANet Income$684.27 million Net Margins18.84% Pretax Margin31.65% Return on Equity38.45% Return on Assets20.83% Debt Debt-to-Equity Ratio0.07 Current Ratio3.67 Quick Ratio1.47 Sales & Book Value Annual Sales$3.00 billion Price / Sales0.27 Cash Flow$5.29 per share Price / Cash Flow1.49 Book Value$8.53 per share Price / Book0.92Miscellaneous Outstanding Shares103,570,000Free FloatN/AMarket Cap$816.13 million OptionableNot Optionable Beta1.48 Key ExecutivesMr. Rajat Marwah (Age 48)Chief Financial Officer Comp: $599.09kMr. John Ralph Naccarato (Age 55)Interim Head of Operations, VP of Strategy & Chief Legal Officer Comp: $552.13kMr. Michael Dennis Garcia (Age 57)CEO & Director Mr. Loris MolinoVP of Maintenance & Operating ServicesMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaMang. of Communications & BrandingMr. Rory Brandow (Age 62)VP of Sales Ms. Piper Lee FrechInterim Chief Human Resource OfficerMore ExecutivesKey CompetitorsTimkenSteelNYSE:TMSTCarpenter TechnologyNYSE:CRSNew GoldNYSE:NGDWestlake Chemical PartnersNYSE:WLKPSchnitzer Steel IndustriesNASDAQ:SCHNView All CompetitorsInstitutional OwnershipPrelude Capital Management LLCBought 4,134 shares on 6/1/2023Ownership: 0.035%JPMorgan Chase & Co.Bought 20,170 shares on 5/18/2023Ownership: 0.019%Donald Smith & CO. Inc.Bought 960,977 shares on 5/17/2023Ownership: 7.043%Susquehanna International Group LLPSold 1,300 shares on 5/16/2023Ownership: 0.000%SIG North Trading ULCBought 13,000 shares on 5/16/2023Ownership: 0.000%View All Institutional Transactions ASTL Stock - Frequently Asked Questions Should I buy or sell Algoma Steel Group stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023? 1 Wall Street analysts have issued 1 year target prices for Algoma Steel Group's shares. Their ASTL share price forecasts range from $10.75 to $15.00. On average, they expect the company's stock price to reach $12.88 in the next year. This suggests a possible upside of 63.4% 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 beginning of the year. Since then, ASTL shares have increased by 24.3% and is now trading at $7.88. View the best growth stocks for 2023 here. Are investors shorting Algoma Steel Group? Algoma Steel Group saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,660,000 shares, a decline of 32.6% from the April 30th total of 5,430,000 shares. Based on an average daily trading volume, of 894,800 shares, the days-to-cover ratio is presently 4.1 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 Wednesday, June 21st 2023. View our ASTL earnings forecast. How often does Algoma Steel Group pay dividends? What is the dividend yield for Algoma Steel Group? Algoma Steel Group declared a quarterly dividend on Monday, February 13th. Investors of record on Tuesday, February 28th will be paid a dividend of $0.05 per share on Friday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, February 27th. Read our dividend analysis for ASTL. What ETFs hold Algoma Steel Group's stock? ETFs with the largest weight of Algoma Steel Group (NASDAQ:ASTL) stock in their portfolio include VanEck Steel ETF (SLX) and Invesco Zacks Multi-Asset Income ETF (CVY).Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN). 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 2.66%. The dividend payout ratio is 9.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASTL will have a dividend payout ratio of 11.30% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASTL. What is Algoma Steel Group's stock symbol? Algoma Steel Group trades on the NASDAQ under the ticker symbol "ASTL." Who are Algoma Steel Group's major shareholders? Algoma Steel Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Donald Smith & CO. Inc. (7.04%), Goldentree Asset Management LP (2.34%), TCW Group Inc. (2.19%), Gendell Jeffrey L (1.95%), Solas Capital Management LLC (1.28%) and BlackRock Inc. (1.18%). 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. What is Algoma Steel Group's stock price today? One share of ASTL stock can currently be purchased for approximately $7.88. How much money does Algoma Steel Group make? Algoma Steel Group (NASDAQ:ASTL) has a market capitalization of $816.13 million and generates $3.00 billion in revenue each year. The company earns $684.27 million in net income (profit) each year or $2.13 on an earnings per share basis. How many employees does Algoma Steel Group have? The company employs 2,677 workers across the globe. How can I contact Algoma Steel Group? Algoma Steel Group's mailing address is 777 THIRD AVENUE 37TH FLOOR, NEW YORK NY, 10017. The official website for the company is www.algoma.com. The company can be reached via phone at 705-945-2351 or via email at ir@algoma.com. This page (NASDAQ:ASTL) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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