NASDAQ:ASTL Algoma Steel Group (ASTL) Stock Forecast, Price & News $6.78 +0.07 (+1.04%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$6.67▼$6.8850-Day Range$6.71▼$7.7752-Week Range$5.64▼$9.20Volume348,834 shsAverage Volume400,953 shsMarket Capitalization$702.41 millionP/E Ratio22.60Dividend Yield2.95%Price Target$17.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Algoma Steel Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside150.7% Upside$17.00 Price TargetShort InterestHealthy4.26% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.51Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-31.90%From $1.16 to $0.79 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.2.77 out of 5 starsBasic Materials Sector31st out of 166 stocksBlast Furnaces & Steel Mills Industry2nd 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 150.7% from its current price of $6.78.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 Shorted4.26% 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 6.3.Change versus previous monthShort interest in Algoma Steel Group has recently decreased by 5.97%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.95%, 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 66.67%. 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 25.32% 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 2.5 News and Social Media Coverage News SentimentAlgoma Steel Group has a news sentiment score of 0.51. 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 news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Algoma Steel Group this week, compared to 1 article on an average week.MarketBeat Follows2 people have added Algoma Steel Group to their MarketBeat watchlist in the last 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 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Algoma Steel Group are expected to decrease by -31.90% in the coming year, from $1.16 to $0.79 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 22.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 22.60, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 94.78.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.63. 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. 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTL Stock News HeadlinesSeptember 21, 2023 | americanbankingnews.comAlgoma Steel Group Inc. (NASDAQ:ASTL) Short Interest UpdateSeptember 21, 2023 | americanbankingnews.comAlgoma Steel Group (NASDAQ:ASTL) Earns "Buy" Rating from Stifel CanadaSeptember 24, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.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 ResultsSeptember 24, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.July 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, 2023June 1, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc up on Thursday (ASTL-WT)June 1, 2023 | msn.comUS Stocks Turn Higher; ISM Manufacturing PMI Drops In MayMay 25, 2023 | finance.yahoo.comAlgoma Steel Upsizes ABL Credit Facility and Extends Maturity Date to 2028May 24, 2023 | seekingalpha.comAlgoma Steel Group: A Hold Until Shipments Are Back On TrackMay 5, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Thursday (ASTL)See 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 ASTL Company Calendar Ex-Dividend for 7/24 Dividend7/04/2023Dividend Payable7/24/2023Last Earnings8/10/2023Ex-Dividend for 9/29 Dividend8/24/2023Today9/24/2023Dividend Payable9/29/2023Next Earnings (Estimated)11/06/2023Fiscal 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 Forecast$17.00 High Stock Price Forecast$17.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+150.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.30 Trailing P/E Ratio22.60 Forward P/E Ratio5.84 P/E GrowthN/ANet Income$225.82 million Net Margins4.90% Pretax Margin5.45% Return on Equity8.67% Return on Assets5.03% Debt Debt-to-Equity Ratio0.07 Current Ratio3.49 Quick Ratio1.70 Sales & Book Value Annual Sales$2.10 billion Price / Sales0.33 Cash Flow$2.87 per share Price / Cash Flow2.36 Book Value$10.68 per share Price / Book0.63Miscellaneous Outstanding Shares103,600,000Free Float95,553,000Market Cap$702.41 million OptionableNot Optionable Beta1.45 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Michael Dennis Garcia (Age 58)CEO & Director Comp: $1.03MMr. Rajat Marwah (Age 49)Chief Financial Officer Comp: $542.85kMr. John Ralph Naccarato (Age 56)VP of Strategy & Chief Legal Officer Comp: $533.1kMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaMang. of Communications & BrandingMr. Rory Brandow (Age 63)VP of Sales Ms. Danielle BakerChief Human Resource OfficerMr. Mike PanzeriSr. VP of ProductionMore ExecutivesKey CompetitorsTimkenSteelNYSE:TMSTWestlake Chemical PartnersNYSE:WLKPSchnitzer Steel IndustriesNASDAQ:RDUSCoeur MiningNYSE:CDENew Found GoldNYSE:NFGCView All CompetitorsInstitutional OwnershipBarclays PLCBought 14,411 shares on 9/21/2023Ownership: 0.023%Polar Asset Management Partners Inc.Bought 29,731 shares on 8/15/2023Ownership: 0.223%Royal Bank of CanadaBought 9,313 shares on 8/15/2023Ownership: 0.160%CIBC Asset Management IncSold 4,275 shares on 8/15/2023Ownership: 0.083%Cobalt Capital Management Inc.Bought 10,000 shares on 8/15/2023Ownership: 0.010%View All Institutional Transactions 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. 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