Algoma Steel Group Stock Price, News & Analysis (NASDAQ:ASTL) $8.64 +0.01 (+0.12%) (As of 12/4/2023 ET) Add Compare Share Share Today's Range$8.54▼$8.7150-Day Range$6.50▼$8.6452-Week Range$5.64▼$9.20Volume545,677 shsAverage Volume799,816 shsMarket Capitalization$897.18 millionP/E Ratio43.20Dividend Yield2.31%Price Target$17.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Algoma Steel Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside96.8% Upside$17.00 Price TargetShort InterestHealthy3.41% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth19.79%From $0.96 to $1.15 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 Sector3rd out of 170 stocksBlast Furnaces & Steel Mills Industry1st out of 12 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 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.00, Algoma Steel Group has a forecasted upside of 96.8% from its current price of $8.64.Amount of Analyst CoverageAlgoma Steel Group has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.41% 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 7.6.Change versus previous monthShort interest in Algoma Steel Group has recently decreased by 8.53%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.32%, 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 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 17.39% 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 3.3 News and Social Media Coverage News SentimentAlgoma Steel Group has a news sentiment score of 0.96. 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 higher news sentiment than the 0.36 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Algoma Steel Group this week, compared to 1 article on an average week.MarketBeat Follows6 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 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 Institutions64.65% 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 19.79% in the coming year, from $0.96 to $1.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 43.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 43.20, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.17.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.81. 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 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.Read More ASTL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTL Stock News HeadlinesNovember 28, 2023 | seekingalpha.comASTL Algoma Steel Group Inc.November 26, 2023 | americanbankingnews.comAlgoma Steel Group (NASDAQ:ASTL) versus BlueScope Steel (OTCMKTS:BLSFY) Head-To-Head SurveyDecember 5, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 23, 2023 | seekingalpha.comAlgoma Steel: Solid Earnings Results And Increased TransparencyNovember 9, 2023 | finance.yahoo.comAlgoma Steel Group (NASDAQ:ASTL) Will Pay A Dividend Of CA$0.05October 25, 2023 | seekingalpha.comAlgoma: Mr. Market Continues To Offer This Stock At A Steep DiscountOctober 4, 2023 | finance.yahoo.comAlgoma Steel (ASTL) Extends Iron Ore Contract for EAF TransitionSeptember 27, 2023 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Announces Results of Voting at Annual Meeting of ShareholdersDecember 5, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.September 18, 2023 | markets.businessinsider.comStifel Nicolaus Keeps Their Buy Rating on Algoma Steel Group (ASTL)September 12, 2023 | finance.yahoo.comAlgoma Steel Issues Inaugural Annual ESG ReportSeptember 12, 2023 | finance.yahoo.comThis Algoma Steel Group Insider Increased Their Holding In The Last YearAugust 30, 2023 | finance.yahoo.comAlgoma Steel Group to Participate in the Jefferies 2023 Industrials ConferenceAugust 11, 2023 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Group Reports Fiscal 2024 First Quarter Financial ResultsJuly 3, 2023 | insidermonkey.comAlgoma Steel Group Inc. (NASDAQ:ASTL) Q4 2023 Earnings Call TranscriptJune 28, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc up on Wednesday (ASTL)June 28, 2023 | finance.yahoo.comAre Options Traders Betting on a Big Move in Algoma Steel (ASTL) Stock?June 22, 2023 | msn.comWhy Algoma Steel Stock Dropped TodayJune 22, 2023 | seekingalpha.comAlgoma Steel Group Inc. 2023 Q4 - Results - Earnings Call PresentationJune 22, 2023 | theglobeandmail.comAlgoma Steel Group reports $20.4-million fourth-quarter loss amid lower steel prices, higher costsJune 21, 2023 | msn.comAlgoma Steel Group Inc. (ASTL) Reports Q4 Loss, Tops Revenue EstimatesJune 21, 2023 | finance.yahoo.comAlgoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2023 Financial ResultsJune 20, 2023 | benzinga.comAlgoma Steel Gr Earnings PreviewJune 17, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc flat on Friday (ASTL)June 16, 2023 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Reports Fatal IncidentJune 15, 2023 | finance.yahoo.comAlgoma Steel Group Inc. (NASDAQ:ASTL) is favoured by institutional owners who hold 54% of the companyJune 6, 2023 | finance.yahoo.comAlgoma Steel to Announce Fiscal 2023 Fourth Quarter and Full Year Results June 21, 2023See More Headlines 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 Company Calendar Ex-Dividend for 9/29 Dividend8/24/2023Dividend Payable9/29/2023Last Earnings11/02/2023Ex-Dividend for 12/29 Dividend11/29/2023Today12/04/2023Dividend Payable12/29/2023Next Earnings (Estimated)2/12/2024Fiscal 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/AEmployees2,847Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.20 Trailing P/E Ratio43.20 Forward P/E Ratio9.00 P/E GrowthN/ANet Income$225.82 million Net Margins2.60% Pretax Margin3.37% Return on Equity4.77% Return on Assets2.81% Debt Debt-to-Equity Ratio0.08 Current Ratio3.23 Quick Ratio1.37 Sales & Book Value Annual Sales$2.10 billion Price / Sales0.43 Cash Flow$2.88 per share Price / Cash Flow3.00 Book Value$10.68 per share Price / Book0.81Miscellaneous Outstanding Shares103,840,000Free FloatN/AMarket Cap$897.18 million OptionableNot Optionable Beta1.53 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Michael Dennis Garcia (Age 58)CEO & Director Comp: $1.03MMr. Rajat Marwah (Age 49)Chief Financial Officer Comp: $539.95kMr. John Ralph Naccarato (Age 56)VP of Strategy & Chief Legal Officer Comp: $530.25kMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaManager of Communications & BrandingMr. Rory Brandow (Age 63)Vice President of Sales Ms. Danielle BakerChief Human Resource OfficerMr. Mike PanzeriSenior Vice President of ProductionMore ExecutivesKey CompetitorsTimkenSteelNYSE:TMSTCarpenter TechnologyNYSE:CRSLithium Americas (Argentina)NYSE:LAACU.S. SilicaNYSE:SLCAKoppersNYSE:KOPView All CompetitorsInstitutional OwnershipPublic Sector Pension Investment BoardBought 5,526 shares on 11/22/2023Ownership: 0.203%Legal & General Group PlcBought 15,518 shares on 11/15/2023Ownership: 0.070%EJF Capital LLCBought 9,458 shares on 11/15/2023Ownership: 0.035%GSA Capital Partners LLPSold 13,013 shares on 11/15/2023Ownership: 0.031%SIG North Trading ULCSold 10,200 shares on 11/15/2023Ownership: 0.000%View All Institutional Transactions ASTL Stock Analysis - Frequently Asked Questions Should I buy or sell Algoma Steel Group stock right now? 2 Wall Street 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 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 Wall Street research analysts have issued 12 month price objectives 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 share price to reach $17.00 in the next year. 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 drop in short interest during the month of November. As of November 15th, there was short interest totaling 3,540,000 shares, a drop of 8.5% from the October 31st total of 3,870,000 shares. Based on an average daily 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) issued its quarterly earnings data on Thursday, November, 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.07. The firm earned $546.13 million during the quarter, compared to the consensus estimate of $514.96 million. Algoma Steel Group had a net margin of 2.60% and a trailing twelve-month return on equity of 4.77%. 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 Thursday, November 2nd. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.086 per share on Friday, December 29th. This represents a $0.34 dividend on an annualized basis and a dividend 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 a number of retail and institutional investors. Top institutional shareholders 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 12/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Algoma Steel Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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