NASDAQ:ASTL Algoma Steel Group - ASTL Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $7.45 -0.09 (-1.19%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$7.30▼$7.4750-Day Range$6.38▼$9.0652-Week Range$5.64▼$12.09Volume1.26 million shsAverage Volume1.49 million shsMarket Capitalization$771.60 millionP/E Ratio3.50Dividend Yield2.68%Price Target$12.88 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Algoma Steel Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside72.8% Upside$12.88 Price TargetShort InterestBearish6.28% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.25Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth106.03%From $1.16 to $2.39 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.2.90 out of 5 starsBasic Materials Sector15th out of 162 stocksBlast Furnaces & Steel Mills Industry1st out of 13 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 72.8% from its current price of $7.45.Amount of Analyst CoverageAlgoma Steel Group has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.28% 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 4.9.Change versus previous monthShort interest in Algoma Steel Group has recently increased by 8.88%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.65%, 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 8.37% 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 2.9 News and Social Media Coverage News SentimentAlgoma Steel Group has a news sentiment score of 1.25. 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 0.40 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.Search InterestOnly 2 people have searched for ASTL on MarketBeat in the last 30 days. This is a decrease of -91% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 InsidersOnly 7.77% of the stock of Algoma Steel Group is held by insiders.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 106.03% in the coming year, from $1.16 to $2.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 3.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 3.50, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.85.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.87. 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 HeadlinesMarch 17, 2023 | americanbankingnews.comAlgoma Steel Group Inc. (NASDAQ:ASTL) Sees Large Increase in Short InterestMarch 1, 2023 | finance.yahoo.comAlgoma Steel Group Announces Renewal of Normal Course Issuer BidMarch 26, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.February 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 forMarch 26, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.January 18, 2023 | seekingalpha.comAlgoma Steel surges as Stifel upgrades to Buy off steel market bottomNovember 12, 2022 | seekingalpha.comAlgoma Steel Group Inc. (ASTL) Q2 2023 Earnings Call TranscriptNovember 11, 2022 | ca.finance.yahoo.comAlgoma Steel Group (NASDAQ:ASTL) shareholders have endured a 48% loss from investing in the stock a year agoNovember 8, 2022 | msn.comAlgoma Steel Group Inc. (ASTL) Tops Q2 Earnings EstimatesNovember 8, 2022 | finance.yahoo.comAlgoma Steel Group Reports Fiscal 2023 Second Quarter ResultsOctober 26, 2022 | finance.yahoo.comAlgoma Steel to Announce Fiscal 2023 Second Quarter Results November 7, 2022September 27, 2022 | finance.yahoo.comAlgoma Steel Provides Fiscal Second Quarter 2023 GuidanceSeptember 20, 2022 | finance.yahoo.comAlgoma Steel Announces Results of Voting at Annual Meeting of ShareholdersSeptember 20, 2022 | finance.yahoo.comAlgoma Steel Announces Results of Voting at Annual Meeting of ShareholdersAugust 30, 2022 | finance.yahoo.comAlgoma Steel Confirms USW Local 2251 Agreement RatifiedAugust 28, 2022 | seekingalpha.comAlgoma Steel Group (ASTL) Presents at the Jefferies Industrials Conference - SlideshowAugust 8, 2022 | nasdaq.comWhy Fast-paced Mover Algoma Steel Group Inc. (ASTL) Is a Great Choice for Value InvestorsAugust 2, 2022 | finance.yahoo.comDoes Algoma Steel Group Inc. (ASTL) Have the Potential to Rally 87% as Wall Street Analysts Expect?July 26, 2022 | finance.yahoo.comAlgoma Steel to Announce Fiscal 2023 First Quarter Results August 3, 2022June 22, 2022 | seekingalpha.comAlgoma Steel: Tender Offer Likely To Get UndersubscribedJune 17, 2022 | seekingalpha.comAlgoma Steel Group declares $0.05 dividendJune 17, 2022 | seekingalpha.comAlgoma Steel provides update on lubricant oil accidental release into riverJune 15, 2022 | nasdaq.comWhy Algoma Steel Stock Popped on WednesdaySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Ex-Dividend for 12/30 Dividend11/29/2022Dividend Payable12/30/2022Last Earnings2/13/2023Ex-Dividend for 3/31 Dividend2/27/2023Today3/26/2023Dividend Payable3/31/2023Fiscal Year End3/31/2023Next Earnings (Estimated)6/13/2023Get 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+72.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$2.13 Trailing P/E Ratio3.50 Forward P/E Ratio6.42 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 / Sales0.26 Cash Flow$5.00 per share Price / Cash Flow1.49 Book Value$8.53 per share Price / Book0.87Miscellaneous Outstanding Shares103,570,000Free Float95,521,000Market Cap$771.60 million OptionableNot Optionable Beta1.51 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:CRSSchnitzer Steel IndustriesNASDAQ:SCHNWestlake Chemical PartnersNYSE:WLKPNew Found GoldNYSE:NFGCView All CompetitorsInstitutional OwnershipState of WyomingBought 7,012 shares on 2/16/2023Ownership: 0.025%Alliancebernstein L.P.Bought 12,180 shares on 2/16/2023Ownership: 0.012%Morgan StanleyBought 43,876 shares on 2/15/2023Ownership: 0.549%Gamco Investors INC. ET ALBought 15,000 shares on 2/15/2023Ownership: 0.054%Mackenzie Financial CorpSold 15,720 shares on 2/15/2023Ownership: 0.039%View All Institutional Transactions ASTL Stock - Frequently Asked Questions Should I buy or sell Algoma Steel Group stock right now? 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. What is Algoma Steel Group's stock price forecast for 2023? 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. 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 stock has increased by 17.5% and is now trading at $7.45. View the best growth stocks for 2023 here. When is Algoma Steel Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 13th 2023. View our ASTL earnings forecast. How were Algoma Steel Group's earnings last quarter? 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%. How often does Algoma Steel Group pay dividends? What is the dividend yield for Algoma Steel Group? 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. 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).Invesco Zacks Multi-Asset Income ETF (CVY). 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 2.65%. 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. 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 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%). 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 $7.45. How much money does Algoma Steel Group make? 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. 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 3/26/2023 by MarketBeat.com Staff 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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