Should I buy or sell Algoma Steel Group stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ASTL shares. View ASTL analyst ratings or view top-rated stocks .

What is Algoma Steel Group's stock price target for 2024?

3 equities research analysts have issued twelve-month target prices for Algoma Steel Group's shares. Their ASTL share price targets range from C$14.00 to C$17.00. On average, they anticipate the company's stock price to reach C$15.25 in the next year. This suggests a possible upside of 40.6% 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 2024?

Algoma Steel Group's stock was trading at C$13.30 at the beginning of the year. Since then, ASTL stock has decreased by 18.4% and is now trading at C$10.85. View the best growth stocks for 2024 here .

When is Algoma Steel Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Saturday, June 22nd 2024. View our ASTL earnings forecast .

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 Wednesday, February 28th. Investors of record on Friday, March 29th will be paid a dividend of 0.05 per share on Friday, March 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 28th. Read our dividend analysis for ASTL .

Is Algoma Steel Group a good dividend stock?

Algoma Steel Group (TSE:ASTL) pays an annual dividend of C$0.27 per share and currently has a dividend yield of 2.55%. The dividend payout ratio is 42.19%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ASTL .

How do I buy shares of Algoma Steel Group?

Shares of ASTL stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:ASTL

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

→ This company has increased its dividend every year for 54 years (From DTI) (Ad)

Free ASTL Stock Alerts

C$10.85

+0.08 (+0.74%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$10.72
▼
C$10.89
50-Day Range: C$10.29
▼
C$11.88
52-Week Range: C$8.64
▼
C$13.54

Volume: 16,806 shs
Average Volume: 54,581 shs
Market Capitalization: C$1.13 billion

P/E Ratio: 16.95
Dividend Yield: 2.49%
Price Target: C$15.25

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

Get Algoma Steel Group alerts:

Algoma Steel Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 40.6% Upside
C$15.25 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$16,236 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.09 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Algoma Steel Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Algoma Steel Group has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ASTL.

1.7

Dividend Strength

Dividend Yield
Algoma Steel Group pays a meaningful dividend of 2.55%, 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.
Dividend Coverage
The dividend payout ratio of Algoma Steel Group is 42.19%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ASTL.

0.6

News and Social Media Coverage

Search Interest
1 people have searched for ASTL on MarketBeat in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Algoma Steel Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$16,236.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 4.86% of the stock of Algoma Steel Group is held by insiders.
Percentage Held by Institutions
69.89% 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.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Algoma Steel Group is 16.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Algoma Steel Group is 16.95, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 133.53.
Price to Book Value per Share Ratio
Algoma Steel Group has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Priority Gold

Biden to Launch “FedNOW” [Move Your Money Now]

Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...

Get your free information kit NOW, before it's too late.

About Algoma Steel Group Stock (TSE:ASTL)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ASTL Stock News Headlines

March 29, 2024 | insidertrades.com

Insider Buying: Algoma Steel Group Inc. (TSE:ASTL) Director Buys 1,926 Shares of Stock

April 10, 2024 | americanbankingnews.com

Algoma Steel Group (TSE:ASTL) Price Target Cut to C$15.00 by Analysts at Stifel Nicolaus

April 18, 2024 | Priority Gold (Ad)

Biden to Launch “FedNOW” [Move Your Money Now]

March 16, 2024 | finance.yahoo.com

ASTL Apr 2024 8.000 call

March 11, 2024 | finance.yahoo.com

ASTL Mar 2024 7.000 call

February 24, 2024 | benzinga.com

Algoma Steel Group Stock (NASDAQ:ASTL) Earnings Dates and Earning Calls

February 15, 2024 | finanznachrichten.de

Algoma Steel Inc: Algoma Resumes Normal Steel Production

February 7, 2024 | finanznachrichten.de

Algoma Steel Inc: Algoma Steel Group Reports Fiscal Third Quarter 2024 Financial Results

April 18, 2024 | Priority Gold (Ad)

Biden to Launch “FedNOW” [Move Your Money Now]

January 28, 2024 | stockhouse.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Algoma Steel Group Inc. - ASTL

January 22, 2024 | finanznachrichten.de

Algoma Steel Inc: Algoma Steel Reports Incident at Coke-Making Plant

January 22, 2024 | msn.com

Algoma Steel sinks after structural collapse at Ontario coke-making plant

December 14, 2023 | markets.businessinsider.com

BMO Capital Reaffirms Their Buy Rating on Algoma Steel Group (ASTL)

November 2, 2023 | finance.yahoo.com

Algoma Steel Group Reports Fiscal Second Quarter 2024 Financial Results

October 3, 2023 | finanznachrichten.de

Algoma Steel Inc: Algoma Steel Announces Extension of Iron Ore Contract with U.S. Steel to Support Transition to Electric Arc Steelmaking

October 3, 2023 | theglobeandmail.com

Closing Bell: Algoma Steel Group Inc up on Friday (ASTL-WT)

September 29, 2023 | finanznachrichten.de

Algoma Steel Inc: Algoma Steel Provides Fiscal Second Quarter 2024 Guidance

September 29, 2023 | msn.com

Algoma Steel sees 2Q24 adjusted EBITDA C$75M-C$85M; monitoring of work stoppages

September 29, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Algoma Steel Group (ASTL) and United Parcel (UPS)

September 19, 2023 | finance.yahoo.com

Algoma Steel donates C$120,000 to support United Way’s Harvest Algoma

September 12, 2023 | theglobeandmail.com

Closing Bell: Algoma Steel Group Inc down on Tuesday (ASTL-WT)

August 14, 2023 | finance.yahoo.com

Algoma Steel's (ASTL) Q1 Earnings and Revenues Decline Y/Y

July 28, 2023 | finance.yahoo.com

Algoma Steel to Announce Fiscal 2024 First Quarter Results August 10, 2023

July 26, 2023 | finance.yahoo.com

Earnings Preview: Algoma Steel Group Inc. (ASTL) Q1 Earnings Expected to Decline

June 28, 2023 | theglobeandmail.com

Closing Bell: Algoma Steel Group Inc up on Monday (ASTL-WT)

June 27, 2023 | ca.sports.yahoo.com

Algoma Steel Group (NASDAQ:ASTL) Has Announced A Dividend Of CA$0.05

June 23, 2023 | markets.businessinsider.com

Stifel Maintains Buy Rating for Algoma Steel Gr: Here's What You Need To Know

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.

Company Calendar

Ex-Dividend for 3/29 Dividend: 2/28/2024
Dividend Payable: 3/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 6/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Steel
Sub-Industry: N/A
Current Symbol: TSE:ASTL
CUSIP: N/A
CIK: N/A
Web: www.algoma.com
Phone: 17059452201
Fax: N/A
Employees: 2,847
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$15.25
High Stock Price Target: C$17.00
Low Stock Price Target: C$14.00
Potential Upside/Downside: +41.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.64
Trailing P/E Ratio: 16.83
Forward P/E Ratio: 8.98
P/E Growth: N/A
Net Income: C$56.80 million
Net Margins: 1.99%
Pretax Margin: N/A
Return on Equity: 3.90%
Return on Assets: 3.70%

Debt

Debt-to-Equity Ratio: 10.83
Current Ratio: 2.88
Quick Ratio: 1.51

Sales & Book Value

Annual Sales: C$2.85 billion
Price / Sales: 0.39
Cash Flow: C$5.75 per share
Price / Cash Flow: 1.87
Book Value: C$13.85 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 104,040,000
Free Float: N/A
Market Cap: C$1.12 billion
Optionable: Not Optionable
Beta: 1.52

7 Energy Stocks to Buy and Hold Forever

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

Mr. Michael Dennis Garcia (Age 59)
CEO & Director
Comp: $1.41M
Mr. Rajat Marwah (Age 50)
Chief Financial Officer
Comp: $739.87k
Mr. John Ralph Naccarato (Age 57)
VP of Strategy & Chief Legal Officer
Comp: $726.59k
Michael Moraca
Treasurer & Investor Relations Officer
Ms. Brenda Stenta
Manager of Communications & Branding
Mr. Rory Brandow (Age 64)
Vice President of Sales
Ms. Danielle Baker
Chief Human Resource Officer
Mr. Mike Panzeri
Senior Vice President of Production

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ASTL Stock Analysis - Frequently Asked Questions

Should I buy or sell Algoma Steel Group stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ASTL shares.
View ASTL analyst ratings or view top-rated stocks.
What is Algoma Steel Group's stock price target for 2024?: 3 equities research analysts have issued twelve-month target prices for Algoma Steel Group's shares. Their ASTL share price targets range from C$14.00 to C$17.00. On average, they anticipate the company's stock price to reach C$15.25 in the next year. This suggests a possible upside of 40.6% 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 2024?: Algoma Steel Group's stock was trading at C$13.30 at the beginning of the year. Since then, ASTL stock has decreased by 18.4% and is now trading at C$10.85.
View the best growth stocks for 2024 here.
When is Algoma Steel Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Saturday, June 22nd 2024.
View our ASTL earnings forecast.

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 Wednesday, February 28th. Investors of record on Friday, March 29th will be paid a dividend of 0.05 per share on Friday, March 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 28th.
Read our dividend analysis for ASTL.
Is Algoma Steel Group a good dividend stock?: Algoma Steel Group (TSE:ASTL) pays an annual dividend of C$0.27 per share and currently has a dividend yield of 2.55%. The dividend payout ratio is 42.19%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ASTL.
How do I buy shares of Algoma Steel Group?: Shares of ASTL stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ASTL) was last updated on 4/18/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

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.

Start Your 30-Day Free Trial

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

Algoma Steel Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Algoma Steel Group Stock (TSE:ASTL)

ASTL Stock Price History

ASTL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ASTL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™