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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)
Add
Compare
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
0.91mentions of Algoma Steel Group in the last 14 days
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


ASTL stock logo

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

Algoma Steel Group Announces Director Resignation
Algoma Steel Group (TSE:ASTL) Stock Price Down 0.7%
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Algoma Steel: A Potential Winner For The Patient Investor
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2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. pixel
S&P 500 Down Over 1%; Bit Brother Shares Plummet
Algoma Steel and USW L2251 Reach Tentative Agreement
Algoma Steel Reports Coke Conveyor Fire
Algoma Steel Announces 15 Day Extension
Algoma Steel Group Inc.
Top Steel Stocks for Q3 2022
See More Headlines
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Industry, Sector and Symbol

Industry
Iron & Steel Mills & Ferroalloy Manufacturing
Sub-Industry
N/A
CIK
N/A
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

Net Income
C$562.50 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.04 billion
Cash Flow
C$5.57 per share
Book Value
C$14.19 per share

Miscellaneous

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













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