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NASDAQ:ASTL

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

$7.59
-0.21 (-2.69%)
(As of 02:46 PM ET)
Compare
Today's Range
$7.54
$7.93
50-Day Range
$6.85
$8.08
52-Week Range
$5.64
$9.94
Volume
487,498 shs
Average Volume
1.02 million shs
Market Capitalization
$786.10 million
P/E Ratio
3.56
Dividend Yield
2.64%
Price Target
$12.88

Algoma Steel Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
70.1% Upside
$12.88 Price Target
Short Interest
Healthy
3.53% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Algoma Steel Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
70.19%
From $1.04 to $1.77 Per Share

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 stars

Basic Materials Sector

2nd out of 164 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 14 stocks


ASTL stock logo

About Algoma Steel Group (NASDAQ:ASTL) Stock

Algoma 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.

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ASTL Stock News Headlines

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Closing Bell: Algoma Steel Group Inc up on Monday (ASTL)
5 Cash-Rich Small Cap Stocks To Invest In
See More Headlines

ASTL Price History

ASTL Company Calendar

Ex-Dividend for 3/31 Dividend
2/27/2023
Dividend Payable
3/31/2023
Today
6/07/2023
Next Earnings (Confirmed)
6/21/2023
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
2,677
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$684.27 million
Pretax Margin
31.65%

Debt

Sales & Book Value

Annual Sales
$3.00 billion
Cash Flow
$5.29 per share
Book Value
$8.53 per share

Miscellaneous

Free Float
N/A
Market Cap
$816.13 million
Optionable
Not Optionable
Beta
1.48

Key Executives

  • Mr. Rajat Marwah (Age 48)
    Chief Financial Officer
    Comp: $599.09k
  • Mr. John Ralph Naccarato (Age 55)
    Interim Head of Operations, VP of Strategy & Chief Legal Officer
    Comp: $552.13k
  • Mr. Michael Dennis Garcia (Age 57)
    CEO & Director
  • Mr. Loris Molino
    VP of Maintenance & Operating Services
  • Michael Moraca
    Treasurer & Investor Relations Officer
  • Ms. Brenda Stenta
    Mang. of Communications & Branding
  • Mr. Rory Brandow (Age 62)
    VP of Sales
  • Ms. Piper Lee Frech
    Interim Chief Human Resource Officer













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

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