TSE:ASTL Algoma Steel Group - ASTL Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Algoma Steel Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. C$10.43 -0.05 (-0.48%) (As of 03/30/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$10.35▼C$10.5250-Day RangeC$9.28▼C$12.3452-Week RangeC$7.70▼C$14.81Volume118,678 shsAverage Volume209,713 shsMarket CapitalizationC$1.08 billionP/E Ratio3.92Dividend Yield2.59%Price TargetC$14.75 ProfileAnalyst RatingsChartCompetitorsDividendHeadlinesSocial Media Algoma Steel Group MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside41.4% UpsideC$14.75 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.91Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 RatingAlgoma 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/DownsideAccording 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 CoverageAlgoma Steel Group has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for ASTL. Previous Next 1.7 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.62%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlgoma Steel Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Algoma Steel Group is 10.15%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASTL. Previous Next 2.2 News and Social Media Coverage News SentimentAlgoma 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 WeekMarketBeat has tracked 2 news articles for Algoma Steel Group this week, compared to 0 articles on an average week.Search InterestOnly 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. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Algoma Steel Group insiders have not sold or bought any company stock.Percentage Held by Insiders10.83% 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 Institutions73.70% 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. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioAlgoma 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. Previous Next See Top Rated MarketRank™ Stocks Here About Algoma Steel Group (TSE:ASTL) StockAlgoma 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.Read More 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. Email Address ASTL Stock News HeadlinesMarch 29, 2023 | finance.yahoo.comAlgoma Steel Group Announces Director ResignationMarch 26, 2023 | americanbankingnews.comAlgoma Steel Group (TSE:ASTL) Stock Price Down 0.7%March 30, 2023 | WealthPop (Ad)Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)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. February 24, 2023 | seekingalpha.comAlgoma Steel: A Potential Winner For The Patient InvestorFebruary 15, 2023 | finance.yahoo.comThere's No Escaping Algoma Steel Group Inc.'s (NASDAQ:ASTL) Muted Earnings Despite A 30% Share Price RiseFebruary 15, 2023 | finance.yahoo.comAlgoma Steel Group Inc.'s (NASDAQ:ASTL) Shares Bounce 30% But Its Business Still Trails The MarketFebruary 15, 2023 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Group Reports Fiscal 2023 Third Quarter ResultsFebruary 13, 2023 | ca.finance.yahoo.comAlgoma Steel Group earnings drop for second straight quarter, production reboundingMarch 30, 2023 | WealthPop (Ad)Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)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. January 18, 2023 | markets.businessinsider.comS&P 500 Down Over 1%; Bit Brother Shares PlummetJanuary 10, 2023 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Provides Fiscal Third Quarter 2023 GuidanceDecember 8, 2022 | finance.yahoo.comAlgoma Steel Group Inc. (NASDAQ:ASTL) is largely controlled by institutional shareholders who own 53% of the companyOctober 31, 2022 | finance.yahoo.comEarnings Preview: Algoma Steel Group Inc. (ASTL) Q2 Earnings Expected to DeclineOctober 12, 2022 | finance.yahoo.comAlgoma Steel Partners with Sault College on Site-Greening InitiativeAugust 23, 2022 | finance.yahoo.comAlgoma Steel and USW L2251 Reach Tentative AgreementAugust 9, 2022 | finance.yahoo.comAlgoma Steel Reports Coke Conveyor FireAugust 2, 2022 | finance.yahoo.comAlgoma Steel Announces Final Results of Substantial Issuer BidJuly 30, 2022 | finance.yahoo.comAlgoma Steel Announces 15 Day ExtensionJuly 29, 2022 | finance.yahoo.comIs Algoma Steel Group Inc. (NASDAQ:ASTL) Trading At A 47% Discount?July 28, 2022 | finance.yahoo.comAlgoma Steel Announces Preliminary Results of Substantial Issuer BidJuly 19, 2022 | finance.yahoo.comAlgoma Steel Donates $1 Million toward Sault Area Hospital Residential Withdrawal Management FacilityJuly 6, 2022 | finance.yahoo.comShould We Be Delighted With Algoma Steel Group Inc.'s (NASDAQ:ASTL) ROE Of 54%?June 21, 2022 | finance.yahoo.comAlgoma Steel Announces Commencement of US$400 Million Substantial Issuer BidJune 17, 2022 | finance.yahoo.comAlgoma Steel Provides Community Update Regarding SpillJune 14, 2022 | wsj.comAlgoma Steel Group Inc.June 14, 2022 | finance.yahoo.comAlgoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2022 Financial ResultsJune 13, 2022 | finance.yahoo.comTop Steel Stocks for Q3 2022See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address Industry, Sector and Symbol Stock ExchangeTSE Industry Iron & Steel Mills & Ferroalloy Manufacturing Sub-IndustryN/A SectorManufacturing Current SymbolTSE:ASTL CUSIPN/A CIKN/A Webwww.algoma.com Phone17059452201FaxN/AEmployees2,677Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$14.75 High Stock Price ForecastC$17.50 Low Stock Price ForecastC$11.00 Forecasted Upside/Downside+41.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.66 Trailing P/E Ratio3.92 Forward P/E Ratio5.69 P/E GrowthN/ANet IncomeC$562.50 million Net Margins18.49% Pretax MarginN/A Return on Equity48.44% Return on Assets14.32% Debt Debt-to-Equity Ratio8.44 Current Ratio3.67 Quick Ratio1.51 Sales & Book Value Annual SalesC$3.04 billion Price / Sales0.36 Cash FlowC$5.57 per share Price / Cash Flow1.87 Book ValueC$14.19 per share Price / Book0.74Miscellaneous Outstanding Shares103,570,000Free FloatN/AMarket CapC$1.08 billion OptionableNot Optionable Beta1.52 Key ExecutivesMr. Rajat Marwah (Age 48)Chief Financial Officer Comp: $817.47kMr. John Ralph Naccarato (Age 55)Interim Head of Operations, VP of Strategy & Chief Legal Officer Comp: $753.4kMr. Michael Dennis Garcia (Age 57)CEO & Director Mr. Loris MolinoVP of Maintenance & Operating ServicesMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaMang. of Communications & BrandingMr. Rory Brandow (Age 62)VP of Sales Ms. Piper Lee FrechInterim Chief Human Resource OfficerMore ExecutivesKey CompetitorsAvigilonTSE:AVOParamount Resources TECTSE:TETSolaris ResourcesTSE:SLSSirius XM CanadaTSE:XSRCanniMed TherapeuticsTSE:CMEDView 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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 Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.