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

Company Overview

Algoma Steel Group Inc. is a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company operates a modern electric arc furnace (EAF) complex and an integrated rolling mill, enabling it to transform scrap and direct reduced iron into a wide range of steel products. Algoma Steel Group returned to public markets in 2021 with listings on both the Toronto Stock Exchange and the Nasdaq under the symbol ASTL.

Founded in 1901 as Algoma Steel Corporation, the company grew to become one of Canada’s leading steelmakers before undergoing restructuring in the early 2000s. Following a period of restructuring and modernization, Algoma Steel Group has invested in advanced steelmaking technology, environmental controls and downstream processing capabilities. These investments support the company’s commitment to sustainability and to meeting the evolving specifications of its customers.

Algoma Steel Group produces a diverse portfolio of flat-rolled products, including hot-rolled plate, pickled and oiled sheet, galvanized, galvanealed and painted steel coils. These products serve key end markets such as automotive, construction, energy, rail and machinery. With an emphasis on quality, traceability and on-time delivery, Algoma Steel Group supplies customers across Canada, the United States and select export markets.

Key Stats

• Today's Range: $4.99 to $5.14
• 50-Day Range: $3.46 to $5.09
• 52-Week Range: $3.02 to $7.24
• Volume: 332,162 shs
• Average Volume: 1.41 million shs
• Market Capitalization: $535.92 million
• P/E Ratio: N/A
• Dividend Yield: 0.98%
• Price Target: N/A
• Consensus Rating: Reduce

Algoma Steel Group Stock Analysis - MarketRank™

Algoma Steel Group scored higher than 15% of companies evaluated by MarketBeat, and ranked 167th out of 175 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Reduce

Consensus Rating

Algoma Steel Group has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on no strong buy ratings, no buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Algoma Steel Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Algoma Steel Group are expected to grow in the coming year, from ($1.83) to ($1.08) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Algoma Steel Group is -0.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Algoma Steel Group is -0.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Algoma Steel Group has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ASTL.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Algoma Steel Group pays a meaningful dividend of 1.06%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Algoma Steel Group does not have a long track record of dividend growth.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: -0.06

News Sentiment

Algoma Steel Group has a news sentiment score of -0.06. 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 lower news sentiment than the 0.55 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Algoma Steel Group this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for ASTL on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

1 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Algoma Steel Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

7.77% of the stock of Algoma Steel Group is held by insiders.

Percentage Held by Institutions

72.00% 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.

ASTL Stock Analysis - Frequently Asked Questions

How have ASTL shares performed this year?

Algoma Steel Group's stock was trading at $4.10 at the start of the year. Since then, ASTL shares have increased by 24.1% and is now trading at $5.09.

How were Algoma Steel Group's earnings last quarter?

Algoma Steel Group Inc. (NASDAQ:ASTL) announced its quarterly earnings data on Wednesday, March, 11th. The company reported ($2.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $2.43. The firm had revenue of $331.33 million for the quarter, compared to analyst estimates of $474.30 million. Algoma Steel Group had a negative net margin of 47.61% and a negative trailing twelve-month return on equity of 42.31%.

Who are Algoma Steel Group's major shareholders?

Top institutional investors of Algoma Steel Group include Assenagon Asset Management S.A. (0.09%) and Hsbc Holdings PLC (0.05%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Algoma Steel Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Algoma Steel Group investors own include NVIDIA (NVDA), Broadcom (AVGO), StealthGas (GASS), Adobe (ADBE), Arista Networks (ANET), GE Aerospace (GE) and Jabil (JBL).

Company Calendar

• Last Earnings: 3/11/2026
• Today: 5/07/2026
• Next Earnings (Estimated): 5/12/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: STEEL - PRODUCERS
• Sub-Industry: Steel Works
• Current Symbol: NASDAQ:ASTL
• CIK: 1860805
• Web: www.algoma.com
• Phone: 705-945-2351
• Fax: N/A
• Employees: 2,400
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): ($6.72)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$704.89 million
• Net Margins: -47.61%
• Pretax Margin: -62.36%
• Return on Equity: -42.31%
• Return on Assets: -16.52%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 2.18
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $2.09 billion
• Price / Sales: 0.26
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.35 per share
• Price / Book: 1.52

Miscellaneous

• Outstanding Shares: 105,185,000
• Free Float: 97,012,000
• Market Cap: $536.86 million
• Optionable: Optionable
• Beta: 1.55