S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Would Buffett Approve of This Growth Strategy? (Ad)
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Would Buffett Approve of This Growth Strategy? (Ad)
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Would Buffett Approve of This Growth Strategy? (Ad)
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Would Buffett Approve of This Growth Strategy? (Ad)
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
3 Mid-Cap Momentum Plays to Ride Into Q4
NASDAQ:ASTL

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

$6.92
+0.17 (+2.52%)
(As of 09/27/2023 ET)
Compare
Today's Range
$6.76
$6.94
50-Day Range
$6.71
$7.77
52-Week Range
$5.64
$9.20
Volume
557,803 shs
Average Volume
357,279 shs
Market Capitalization
$716.91 million
P/E Ratio
23.07
Dividend Yield
2.89%
Price Target
$17.00

Algoma Steel Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
145.7% Upside
$17.00 Price Target
Short Interest
Healthy
4.18% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.74mentions of Algoma Steel Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-38.74%
From $1.11 to $0.68 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Basic Materials Sector

36th out of 168 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 13 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
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Stifel Nicolaus Keeps Their Buy Rating on Algoma Steel Group (ASTL)
Algoma Steel Issues Inaugural Annual ESG Report
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Why Algoma Steel Stock Dropped Today
Algoma Steel Gr Earnings Preview
Algoma Steel Inc: Algoma Steel Reports Fatal Incident
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.

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
9/28/2023
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
+145.7%
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
N/A
Market Cap
$716.91 million
Optionable
Not Optionable
Beta
1.45
10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

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 twelve-month price targets for Algoma Steel Group's shares. Their ASTL share price forecasts range from $17.00 to $17.00. On average, they anticipate the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 145.7% 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 at the beginning of 2023. Since then, ASTL shares have increased by 9.1% and is now trading at $6.92.
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 Monday, November 6th 2023.
View our ASTL earnings forecast
.

How were Algoma Steel Group's earnings last quarter?

Algoma Steel Group Inc. (NASDAQ:ASTL) released its quarterly earnings data on Thursday, August, 10th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.75 by $0.12. The business earned $615.87 million during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.17 earnings per share.

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 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 yield of 2.89%. 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 2.89%. 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 29.41% 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 number 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 $6.92.

How much money does Algoma Steel Group make?

Algoma Steel Group (NASDAQ:ASTL) has a market capitalization of $716.91 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 9/28/2023 by MarketBeat.com Staff

My Account -