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Ukraine demands emergency UN meeting over Putin nuclear plan
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New Russian campaign tries to entice men to fight in Ukraine
Factory or farm? Oregon may alter land use for chipmakers
"Prepare for Five Years of Famine" (Ad)
Travel disruption hits Germany on eve of transport strike
Berlin climate proposal fails to get enough yes votes to win
Buy THIS stock before Taiwan is attacked (Ad)
Adele extends Las Vegas residency, plans concert film
Turkmenistan votes for new, opposition-free parliament
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
"Prepare for Five Years of Famine" (Ad)
New Russian campaign tries to entice men to fight in Ukraine
Factory or farm? Oregon may alter land use for chipmakers
"Prepare for Five Years of Famine" (Ad)
Travel disruption hits Germany on eve of transport strike
Berlin climate proposal fails to get enough yes votes to win
Buy THIS stock before Taiwan is attacked (Ad)
Adele extends Las Vegas residency, plans concert film
Turkmenistan votes for new, opposition-free parliament
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
"Prepare for Five Years of Famine" (Ad)
New Russian campaign tries to entice men to fight in Ukraine
Factory or farm? Oregon may alter land use for chipmakers
"Prepare for Five Years of Famine" (Ad)
Travel disruption hits Germany on eve of transport strike
Berlin climate proposal fails to get enough yes votes to win
Buy THIS stock before Taiwan is attacked (Ad)
Adele extends Las Vegas residency, plans concert film
Turkmenistan votes for new, opposition-free parliament
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
"Prepare for Five Years of Famine" (Ad)
New Russian campaign tries to entice men to fight in Ukraine
Factory or farm? Oregon may alter land use for chipmakers
"Prepare for Five Years of Famine" (Ad)
Travel disruption hits Germany on eve of transport strike
Berlin climate proposal fails to get enough yes votes to win
Buy THIS stock before Taiwan is attacked (Ad)
Adele extends Las Vegas residency, plans concert film
Turkmenistan votes for new, opposition-free parliament
NASDAQ:ASTL

Algoma Steel Group - ASTL Stock Forecast, Price & News

$7.45
-0.09 (-1.19%)
(As of 03/24/2023 12:00 AM ET)
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Today's Range
$7.30
$7.47
50-Day Range
$6.38
$9.06
52-Week Range
$5.64
$12.09
Volume
1.26 million shs
Average Volume
1.49 million shs
Market Capitalization
$771.60 million
P/E Ratio
3.50
Dividend Yield
2.68%
Price Target
$12.88

Algoma Steel Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
72.8% Upside
$12.88 Price Target
Short Interest
Bearish
6.28% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.25mentions of Algoma Steel Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
106.03%
From $1.16 to $2.39 Per Share

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 stars

Basic Materials Sector

15th out of 162 stocks

Blast Furnaces & Steel Mills Industry

1st 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. 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

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.
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.
Algoma Steel Provides Fiscal Second Quarter 2023 Guidance
Algoma Steel Confirms USW Local 2251 Agreement Ratified
Algoma Steel Group declares $0.05 dividend
Why Algoma Steel Stock Popped on Wednesday
See More Headlines
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ASTL Company Calendar

Ex-Dividend for 12/30 Dividend
11/29/2022
Dividend Payable
12/30/2022
Last Earnings
2/13/2023
Ex-Dividend for 3/31 Dividend
2/27/2023
Today
3/26/2023
Dividend Payable
3/31/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
6/13/2023

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
+72.8%
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
$5.00 per share
Book Value
$8.53 per share

Miscellaneous

Free Float
95,521,000
Market Cap
$771.60 million
Optionable
Not Optionable
Beta
1.51

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 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