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S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
This Stock Could Go Up 66% or More. (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
This Stock Could Go Up 66% or More. (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
This Stock Could Go Up 66% or More. (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
This Stock Could Go Up 66% or More. (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
This Stock Could Go Up 66% or More. (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
This Stock Could Go Up 66% or More. (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
This Stock Could Go Up 66% or More. (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
This Stock Could Go Up 66% or More. (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
This Stock Could Go Up 66% or More. (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
TSE:ASTL

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

C$9.07
-0.27 (-2.89%)
(As of 09/26/2023 ET)
Compare
Today's Range
C$9.07
C$9.33
50-Day Range
C$9.00
C$10.43
52-Week Range
C$7.70
C$12.52
Volume
33,971 shs
Average Volume
133,739 shs
Market Capitalization
C$939.65 million
P/E Ratio
8.48
Dividend Yield
2.98%
Price Target
C$12.88

Algoma Steel Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
42.0% Upside
C$12.88 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
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. 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 Price History

ASTL Stock News Headlines

Algoma Steel Group (TSE:ASTL) PT Raised to C$14.00 at Stifel Nicolaus
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed
This signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.
Closing Bell: Algoma Steel Group Inc down on Tuesday (ASTL-WT)
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed
This signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.
Should You Hold Algoma Steel Group (ASTL)?
Closing Bell: Algoma Steel Group Inc up on Friday (ASTL)
See More Headlines
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ASTL Company Calendar

Ex-Dividend for 7/24 Dividend
7/04/2023
Dividend Payable
7/24/2023
Ex-Dividend for 9/29 Dividend
8/24/2023
Today
9/27/2023
Dividend Payable
9/29/2023

Industry, Sector and Symbol

Industry
Steel
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,847
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$12.88
High Stock Price Forecast
C$14.00
Low Stock Price Forecast
C$11.00
Forecasted Upside/Downside
+42.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$128 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.67 billion
Cash Flow
C$4.84 per share
Book Value
C$14.85 per share

Miscellaneous

Free Float
N/A
Market Cap
C$939.65 million
Optionable
Not Optionable
Beta
1.46
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Key Executives

  • Mr. Michael Dennis Garcia (Age 58)
    CEO & Director
    Comp: $1.41M
  • Mr. Rajat Marwah (Age 49)
    Chief Financial Officer
    Comp: $739.87k
  • Mr. John Ralph Naccarato (Age 56)
    VP of Strategy & Chief Legal Officer
    Comp: $726.59k
  • Michael Moraca
    Treasurer & Investor Relations Officer
  • Ms. Brenda Stenta
    Mang. of Communications & Branding
  • Mr. Rory Brandow (Age 63)
    VP of Sales
  • Ms. Danielle Baker
    Chief Human Resource Officer
  • Mr. Mike Panzeri
    Sr. VP of Production













ASTL Stock - Frequently Asked Questions

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

2 Wall Street equities 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 equities 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 forecast for 2023?

2 brokers have issued 1-year price targets for Algoma Steel Group's stock. Their ASTL share price forecasts range from C$11.00 to C$14.00. On average, they expect the company's stock price to reach C$12.88 in the next twelve months. This suggests a possible upside of 42.0% 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 beginning of the year. Since then, ASTL stock has increased by 6.1% and is now trading at C$9.07.
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 declared a quarterly dividend on Thursday, August 24th. Shareholders of record on Friday, September 29th will be given a dividend of 0.05 per share on Friday, September 29th. This represents a $0.20 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, August 24th.
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 3.02%. The dividend payout ratio is 25.23%. 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$9.07.

How much money does Algoma Steel Group make?

Algoma Steel Group (TSE:ASTL) has a market capitalization of C$939.65 million and generates C$2.67 billion in revenue each year. The company earns C$128 million in net income (profit) each year or C$1.07 on an earnings per share basis.

How many employees does Algoma Steel Group have?

The company employs 2,847 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 9/27/2023 by MarketBeat.com Staff

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