TSE:ASTL

Algoma Steel Group - ASTL Stock Forecast, Price & News

C$10.43

-0.05 (-0.48%)

(As of 03/30/2023 12:00 AM ET)

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Today's Range: C$10.35
▼
C$10.52
50-Day Range: C$9.28
▼
C$12.34
52-Week Range: C$7.70
▼
C$14.81

Volume: 118,678 shs
Average Volume: 209,713 shs
Market Capitalization: C$1.08 billion

P/E Ratio: 3.92
Dividend Yield: 2.59%
Price Target: C$14.75

Algoma Steel Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 41.4% Upside
C$14.75 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.91
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.48 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Algoma Steel Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$14.75, Algoma Steel Group has a forecasted upside of 41.4% from its current price of C$10.43.
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 2.62%, 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 10.15%. 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.

2.2

News and Social Media Coverage

News Sentiment
Algoma Steel Group has a news sentiment score of 0.91. 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 Manufacturing companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Algoma Steel Group this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for ASTL on MarketBeat in the last 30 days. This is a decrease of -91% compared to the previous 30 days.

2.5

Company Ownership

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
10.83% of the stock of Algoma Steel Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
73.70% 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 3.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Algoma Steel Group is 3.92, which means that it is trading at a less expensive P/E ratio than the Manufacturing sector average P/E ratio of about 17.08.
Price to Book Value per Share Ratio
Algoma Steel Group has a P/B Ratio of 0.74. 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

About Algoma Steel Group (TSE: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

March 29, 2023 | finance.yahoo.com

Algoma Steel Group Announces Director Resignation

March 26, 2023 | americanbankingnews.com

Algoma Steel Group (TSE:ASTL) Stock Price Down 0.7%

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February 24, 2023 | seekingalpha.com

Algoma Steel: A Potential Winner For The Patient Investor

February 15, 2023 | finance.yahoo.com

There's No Escaping Algoma Steel Group Inc.'s (NASDAQ:ASTL) Muted Earnings Despite A 30% Share Price Rise

February 15, 2023 | finance.yahoo.com

Algoma Steel Group Inc.'s (NASDAQ:ASTL) Shares Bounce 30% But Its Business Still Trails The Market

February 15, 2023 | finanznachrichten.de

Algoma Steel Inc: Algoma Steel Group Reports Fiscal 2023 Third Quarter Results

February 13, 2023 | ca.finance.yahoo.com

Algoma Steel Group earnings drop for second straight quarter, production rebounding

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January 18, 2023 | markets.businessinsider.com

S&P 500 Down Over 1%; Bit Brother Shares Plummet

January 10, 2023 | finanznachrichten.de

Algoma Steel Inc: Algoma Steel Provides Fiscal Third Quarter 2023 Guidance

December 8, 2022 | finance.yahoo.com

Algoma Steel Group Inc. (NASDAQ:ASTL) is largely controlled by institutional shareholders who own 53% of the company

October 31, 2022 | finance.yahoo.com

Earnings Preview: Algoma Steel Group Inc. (ASTL) Q2 Earnings Expected to Decline

October 12, 2022 | finance.yahoo.com

Algoma Steel Partners with Sault College on Site-Greening Initiative

August 23, 2022 | finance.yahoo.com

Algoma Steel and USW L2251 Reach Tentative Agreement

August 9, 2022 | finance.yahoo.com

Algoma Steel Reports Coke Conveyor Fire

August 2, 2022 | finance.yahoo.com

Algoma Steel Announces Final Results of Substantial Issuer Bid

July 30, 2022 | finance.yahoo.com

Algoma Steel Announces 15 Day Extension

July 29, 2022 | finance.yahoo.com

Is Algoma Steel Group Inc. (NASDAQ:ASTL) Trading At A 47% Discount?

July 28, 2022 | finance.yahoo.com

Algoma Steel Announces Preliminary Results of Substantial Issuer Bid

July 19, 2022 | finance.yahoo.com

Algoma Steel Donates $1 Million toward Sault Area Hospital Residential Withdrawal Management Facility

July 6, 2022 | finance.yahoo.com

Should We Be Delighted With Algoma Steel Group Inc.'s (NASDAQ:ASTL) ROE Of 54%?

June 21, 2022 | finance.yahoo.com

Algoma Steel Announces Commencement of US$400 Million Substantial Issuer Bid

June 17, 2022 | finance.yahoo.com

Algoma Steel Provides Community Update Regarding Spill

June 14, 2022 | wsj.com

Algoma Steel Group Inc.

June 14, 2022 | finance.yahoo.com

Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results

June 13, 2022 | finance.yahoo.com

Top Steel Stocks for Q3 2022

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Iron & Steel Mills & Ferroalloy Manufacturing
Sub-Industry: N/A
Sector: Manufacturing
Current Symbol: TSE:ASTL
CUSIP: N/A
CIK: N/A
Web: www.algoma.com
Phone: 17059452201
Fax: N/A
Employees: 2,677
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$14.75
High Stock Price Forecast: C$17.50
Low Stock Price Forecast: C$11.00
Forecasted Upside/Downside: +41.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.66
Trailing P/E Ratio: 3.92
Forward P/E Ratio: 5.69
P/E Growth: N/A
Net Income: C$562.50 million
Net Margins: 18.49%
Pretax Margin: N/A
Return on Equity: 48.44%
Return on Assets: 14.32%

Debt

Debt-to-Equity Ratio: 8.44
Current Ratio: 3.67
Quick Ratio: 1.51

Sales & Book Value

Annual Sales: C$3.04 billion
Price / Sales: 0.36
Cash Flow: C$5.57 per share
Price / Cash Flow: 1.87
Book Value: C$14.19 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 103,570,000
Free Float: N/A
Market Cap: C$1.08 billion
Optionable: Not Optionable
Beta: 1.52

Key Executives

Mr. Rajat Marwah (Age 48)
Chief Financial Officer
Comp: $817.47k

Mr. John Ralph Naccarato (Age 55)
Interim Head of Operations, VP of Strategy & Chief Legal Officer
Comp: $753.4k

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

Key Competitors

View All Competitors

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 twelve months. There are currently 1 hold rating and 1 buy rating 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 Wall Street research analysts have issued 12-month price targets for Algoma Steel Group's shares. Their ASTL share price forecasts range from C$11.00 to C$17.50. On average, they anticipate the company's stock price to reach C$14.75 in the next year. This suggests a possible upside of 41.4% 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 C$8.55 at the start of the year. Since then, ASTL stock has increased by 22.0% and is now trading at C$10.43.
View the best growth stocks for 2023 here.
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 Tuesday, August 30th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.05 per share on Friday, September 30th. This represents a $0.20 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, August 30th.
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 2.62%. The dividend payout ratio is 10.15%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ASTL.

What is Algoma Steel Group's stock symbol?: Algoma Steel Group trades on the Toronto Stock Exchange (TSX) under the ticker symbol "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.
What is Algoma Steel Group's stock price today?: One share of ASTL stock can currently be purchased for approximately C$10.43.
How much money does Algoma Steel Group make?: Algoma Steel Group (TSE:ASTL) has a market capitalization of C$1.08 billion and generates C$3.04 billion in revenue each year. The company earns C$562.50 million in net income (profit) each year or C$2.66 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 105 West St, Sault Ste Marie, Ontario P6A 7B4. The official website for the company is www.algoma.com. The company can be reached via phone at 17059452201.

This page (TSE:ASTL) was last updated on 3/30/2023 by MarketBeat.com Staff

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Algoma Steel Group - ASTL Stock Forecast, Price & News

Algoma Steel Group MarketRank™ Forecast

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

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Algoma Steel Group (TSE:ASTL) Stock

ASTL Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

ASTL Stock - Frequently Asked Questions

Overall MarketRank^™