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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The single greatest medical breakthrough of all time? (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The single greatest medical breakthrough of all time? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The single greatest medical breakthrough of all time? (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The single greatest medical breakthrough of all time? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The single greatest medical breakthrough of all time? (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The single greatest medical breakthrough of all time? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
NASDAQ:ASTL

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

$6.78
+0.07 (+1.04%)
(As of 09/22/2023 ET)
Compare
Today's Range
$6.67
$6.88
50-Day Range
$6.71
$7.77
52-Week Range
$5.64
$9.20
Volume
348,834 shs
Average Volume
400,953 shs
Market Capitalization
$702.41 million
P/E Ratio
22.60
Dividend Yield
2.95%
Price Target
$17.00

Algoma Steel Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
150.7% Upside
$17.00 Price Target
Short Interest
Healthy
4.26% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of Algoma Steel Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-31.90%
From $1.16 to $0.79 Per Share

Overall MarketRank

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

2.77 out of 5 stars

Basic Materials Sector

31st out of 166 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 12 stocks


ASTL stock logo

About Algoma Steel Group (NASDAQ:ASTL) Stock

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 Price History

ASTL Stock News Headlines

Algoma Steel Group Inc. (NASDAQ:ASTL) Short Interest Update
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Stifel Nicolaus Keeps Their Buy Rating on Algoma Steel Group (ASTL)
Algoma Steel Issues Inaugural Annual ESG Report
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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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ASTL Company Calendar

Ex-Dividend for 7/24 Dividend
7/04/2023
Dividend Payable
7/24/2023
Last Earnings
8/10/2023
Ex-Dividend for 9/29 Dividend
8/24/2023
Today
9/24/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
11/06/2023
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 Forecast
$17.00
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+150.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$225.82 million
Pretax Margin
5.45%

Debt

Sales & Book Value

Annual Sales
$2.10 billion
Cash Flow
$2.87 per share
Book Value
$10.68 per share

Miscellaneous

Free Float
95,553,000
Market Cap
$702.41 million
Optionable
Not Optionable
Beta
1.45
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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: $542.85k
  • Mr. John Ralph Naccarato (Age 56)
    VP of Strategy & Chief Legal Officer
    Comp: $533.1k
  • Michael Moraca
    Treasurer & Investor Relations Officer
  • Ms. Brenda Stenta
    Mang. of Communications & Branding
  • Mr. Rory Brandow (Age 63)
    VP of Sales
  • Ms. Danielle Baker
    Chief Human Resource Officer
  • Mr. Mike Panzeri
    Sr. VP of Production













ASTL Stock - Frequently Asked Questions

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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

2 brokers have issued 1-year price targets for Algoma Steel Group's stock. Their ASTL share price forecasts range from $17.00 to $17.00. On average, they expect the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 150.7% 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 on January 1st, 2023. Since then, ASTL shares have increased by 6.9% and is now trading at $6.78.
View the best growth stocks for 2023 here
.

Are investors shorting Algoma Steel Group?

Algoma Steel Group saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,410,000 shares, a decrease of 6.0% from the August 15th total of 4,690,000 shares. Based on an average trading volume of 701,200 shares, the short-interest ratio is presently 6.3 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, November 6th 2023.
View our ASTL earnings forecast
.

How were Algoma Steel Group's earnings last quarter?

Algoma Steel Group Inc. (NASDAQ:ASTL) issued its quarterly earnings results on Thursday, August, 10th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by $0.12. The company had revenue of $615.87 million for the quarter, compared to analyst estimates of $596.30 million. Algoma Steel Group had a trailing twelve-month return on equity of 8.67% and a net margin of 4.90%. During the same period last year, the company earned $1.17 EPS.

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, August 10th. Shareholders of record on Friday, August 25th will be given a dividend of $0.05 per share on Friday, September 29th. This represents a $0.20 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, August 24th.
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.

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 2.95%. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASTL will have a dividend payout ratio of 25.32% 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 retail and institutional investors. Top institutional shareholders include Donald Smith & CO. Inc. (7.23%), Maple Rock Capital Partners Inc. (5.88%), Contrarian Capital Management L.L.C. (5.08%), Thomist Capital Management LP (2.58%), Towle & Co. (2.53%) and Littlejohn & Co. LLC (2.16%).

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 $6.78.

How much money does Algoma Steel Group make?

Algoma Steel Group (NASDAQ:ASTL) has a market capitalization of $702.41 million and generates $2.10 billion in revenue each year. The company earns $225.82 million in net income (profit) each year or $0.30 on an earnings per share basis.

How many employees does Algoma Steel Group have?

The company employs 2,847 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 9/24/2023 by MarketBeat.com Staff

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