Algoma Steel Group - ASTL Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last year. There are currently 1 buy rating 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.

1 analysts have issued 12 month target prices for Algoma Steel Group's stock. Their ASTL share price forecasts range from $10.75 to $15.00. On average, they anticipate the company's stock price to reach $12.88 in the next twelve months. This suggests a possible upside of 72.8% from the stock's current price.
View analysts price targets for ASTL or view top-rated stocks among Wall Street analysts.

Algoma Steel Group's stock was trading at $6.34 at the beginning of the year. Since then, ASTL stock has increased by 17.5% and is now trading at $7.45.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 13th 2023.
View our ASTL earnings forecast.

Algoma Steel Group Inc. (NASDAQ:ASTL) released its earnings results on Monday, February, 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by $0.15. The firm had revenue of $418.26 million for the quarter, compared to analyst estimates of $357.79 million. Algoma Steel Group had a net margin of 18.84% and a trailing twelve-month return on equity of 38.45%.

Algoma Steel Group announced a quarterly dividend on Monday, February 13th. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.05 per share on Friday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Monday, February 27th.
Read our dividend analysis for ASTL.

ETFs with the largest weight of Algoma Steel Group (NASDAQ:ASTL) stock in their portfolio include VanEck Steel ETF (SLX).Invesco Zacks Multi-Asset Income ETF (CVY).

Algoma Steel Group (NASDAQ:ASTL) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.65%. 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 8.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASTL.

Algoma Steel Group trades on the NASDAQ under the ticker symbol "ASTL."

Algoma Steel Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Maple Rock Capital Partners Inc. (6.27%), Donald Smith & CO. Inc. (6.12%), Polus Capital Management Ltd (5.29%), Finepoint Capital LP (3.11%), Wolf Hill Capital Management LP (2.26%) and Renaissance Technologies LLC (2.16%).

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.
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One share of ASTL stock can currently be purchased for approximately $7.45.

Algoma Steel Group (NASDAQ:ASTL) has a market capitalization of $771.60 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.

The company employs 2,677 workers across the globe.

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.