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

Profile Analyst Ratings Chart Competitors Dividend Headlines Social Media

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

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 2.50, 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$12.88, Algoma Steel Group has a forecasted upside of 42.0% from its current price of C$9.07.
Amount of Analyst Coverage
Algoma Steel Group has only been the subject of 1 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 3.02%, 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 25.23%. 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 0.96. 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 is a higher news sentiment than the 0.47 average news sentiment score of Basic Materials companies.
MarketBeat Follows
Only 1 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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
67.24% 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 8.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Algoma Steel Group is 8.48, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 95.34.
Price to Book Value per Share Ratio
Algoma Steel Group has a P/B Ratio of 0.61. 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. 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

30 days | 90 days | 365 days | Advanced Chart

ASTL Stock News Headlines

September 19, 2023 | finance.yahoo.com

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

September 19, 2023 | americanbankingnews.com

Algoma Steel Group (TSE:ASTL) PT Raised to C$14.00 at Stifel Nicolaus

September 27, 2023 | Stansberry Research (Ad)

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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)

September 27, 2023 | Stansberry Research (Ad)

A 73-Year-Old Market Signal With 95% Accuracy Just Flashed

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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

June 21, 2023 | benzinga.com

Algoma Steel Group Reports Q4 EPS Of $(0.14), Sales $501.08M

June 21, 2023 | ca.finance.yahoo.com

Algoma Steel Group down $20.4 million in Q4 amid lower steel prices, higher costs

June 21, 2023 | theglobeandmail.com

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

June 21, 2023 | finance.yahoo.com

Algoma Steel Announces Filing of Base Shelf Prospectus

June 9, 2023 | finance.yahoo.com

Should You Hold Algoma Steel Group (ASTL)?

May 16, 2023 | theglobeandmail.com

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

May 16, 2023 | finance.yahoo.com

Shareholders in Algoma Steel Group (NASDAQ:ASTL) are in the red if they invested a year ago

May 3, 2023 | theglobeandmail.com

Closing Bell: Algoma Steel Group Inc flat on Wednesday (ASTL)

May 2, 2023 | theglobeandmail.com

Closing Bell: Algoma Steel Group Inc down on Monday (ASTL)

April 28, 2023 | theglobeandmail.com

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

April 28, 2023 | theglobeandmail.com

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

April 27, 2023 | theglobeandmail.com

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

April 27, 2023 | theglobeandmail.com

Algoma Steel Gr: Top 10 Undervalued Steel Industry Stocks (ASTL)

April 22, 2023 | theglobeandmail.com

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

April 21, 2023 | theglobeandmail.com

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

April 19, 2023 | finance.yahoo.com

Algoma Steel Group (NASDAQ:ASTL) Knows How To Allocate Capital Effectively

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

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Steel
Sub-Industry: N/A
Sector: Basic Materials
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 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

EPS (Most Recent Fiscal Year): C$1.07
Trailing P/E Ratio: 8.48
Forward P/E Ratio: 5.77
P/E Growth: N/A
Net Income: C$128 million
Net Margins: 4.79%
Pretax Margin: N/A
Return on Equity: 8.74%
Return on Assets: 2.51%

Debt

Debt-to-Equity Ratio: 8.43
Current Ratio: 3.49
Quick Ratio: 1.51

Sales & Book Value

Annual Sales: C$2.67 billion
Price / Sales: 0.35
Cash Flow: C$4.84 per share
Price / Cash Flow: 1.87
Book Value: C$14.85 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 103,600,000
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

Key Competitors

View All Competitors

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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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

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Algoma Steel Group (TSE:ASTL) Stock

ASTL Price History

ASTL Stock News Headlines

ASTL Company Calendar

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^™