TSE:ASTL Algoma Steel Group (ASTL) Stock Forecast, Price & News C$9.07 -0.27 (-2.89%) (As of 09/26/2023 ET) Add Compare Share Share Today's RangeC$9.07▼C$9.3350-Day RangeC$9.00▼C$10.4352-Week RangeC$7.70▼C$12.52Volume33,971 shsAverage Volume133,739 shsMarket CapitalizationC$939.65 millionP/E Ratio8.48Dividend Yield2.98%Price TargetC$12.88 ProfileProfileAnalyst RatingsChartCompetitorsDividendHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendHeadlinesSocial Media Algoma Steel Group MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside42.0% UpsideC$12.88 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider 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 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/DownsideAccording 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 CoverageAlgoma Steel Group has only been the subject of 1 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 3.02%, 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 25.23%. 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 0.96. 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 FollowsOnly 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. 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 Institutions67.24% 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. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioAlgoma 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. 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. 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.Read More ASTL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTL Stock News HeadlinesSeptember 19, 2023 | finance.yahoo.comAlgoma Steel donates C$120,000 to support United Way’s Harvest AlgomaSeptember 19, 2023 | americanbankingnews.comAlgoma Steel Group (TSE:ASTL) PT Raised to C$14.00 at Stifel NicolausSeptember 27, 2023 | Stansberry Research (Ad)A 73-Year-Old Market Signal With 95% Accuracy Just FlashedThis 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.September 12, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Tuesday (ASTL-WT)August 14, 2023 | finance.yahoo.comAlgoma Steel's (ASTL) Q1 Earnings and Revenues Decline Y/YJuly 28, 2023 | finance.yahoo.comAlgoma Steel to Announce Fiscal 2024 First Quarter Results August 10, 2023July 26, 2023 | finance.yahoo.comEarnings Preview: Algoma Steel Group Inc. (ASTL) Q1 Earnings Expected to DeclineJune 28, 2023 | theglobeandmail.comClosing 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 FlashedThis 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.June 27, 2023 | ca.sports.yahoo.comAlgoma Steel Group (NASDAQ:ASTL) Has Announced A Dividend Of CA$0.05June 23, 2023 | markets.businessinsider.comStifel Maintains Buy Rating for Algoma Steel Gr: Here's What You Need To KnowJune 21, 2023 | benzinga.comAlgoma Steel Group Reports Q4 EPS Of $(0.14), Sales $501.08MJune 21, 2023 | ca.finance.yahoo.comAlgoma Steel Group down $20.4 million in Q4 amid lower steel prices, higher costsJune 21, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc up on Wednesday (ASTL-WT)June 21, 2023 | finance.yahoo.comAlgoma Steel Announces Filing of Base Shelf ProspectusJune 9, 2023 | finance.yahoo.comShould You Hold Algoma Steel Group (ASTL)?May 16, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc flat on Friday (ASTL-WT)May 16, 2023 | finance.yahoo.comShareholders in Algoma Steel Group (NASDAQ:ASTL) are in the red if they invested a year agoMay 3, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc flat on Wednesday (ASTL)May 2, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Monday (ASTL)April 28, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc up on Friday (ASTL)April 28, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc flat on Monday (ASTL-WT)April 27, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Wednesday (ASTL-WT)April 27, 2023 | theglobeandmail.comAlgoma Steel Gr: Top 10 Undervalued Steel Industry Stocks (ASTL)April 22, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Friday (ASTL-WT)April 21, 2023 | theglobeandmail.comClosing Bell: Algoma Steel Group Inc down on Thursday (ASTL-WT)April 19, 2023 | finance.yahoo.comAlgoma Steel Group (NASDAQ:ASTL) Knows How To Allocate Capital EffectivelySee More Headlines 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 Company Calendar Ex-Dividend for 7/24 Dividend7/04/2023Dividend Payable7/24/2023Ex-Dividend for 9/29 Dividend8/24/2023Today9/27/2023Dividend Payable9/29/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Steel Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:ASTL CUSIPN/A CIKN/A Webwww.algoma.com Phone17059452201FaxN/AEmployees2,847Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$12.88 High Stock Price ForecastC$14.00 Low Stock Price ForecastC$11.00 Forecasted Upside/Downside+42.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)C$1.07 Trailing P/E Ratio8.48 Forward P/E Ratio5.77 P/E GrowthN/ANet IncomeC$128 million Net Margins4.79% Pretax MarginN/A Return on Equity8.74% Return on Assets2.51% Debt Debt-to-Equity Ratio8.43 Current Ratio3.49 Quick Ratio1.51 Sales & Book Value Annual SalesC$2.67 billion Price / Sales0.35 Cash FlowC$4.84 per share Price / Cash Flow1.87 Book ValueC$14.85 per share Price / Book0.61Miscellaneous Outstanding Shares103,600,000Free FloatN/AMarket CapC$939.65 million OptionableNot Optionable Beta1.46 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Michael Dennis Garcia (Age 58)CEO & Director Comp: $1.41MMr. Rajat Marwah (Age 49)Chief Financial Officer Comp: $739.87kMr. John Ralph Naccarato (Age 56)VP of Strategy & Chief Legal Officer Comp: $726.59kMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaMang. of Communications & BrandingMr. Rory Brandow (Age 63)VP of Sales Ms. Danielle BakerChief Human Resource OfficerMr. Mike PanzeriSr. VP of ProductionMore ExecutivesKey CompetitorsStelcoTSE:STLCLabrador Iron Ore RoyaltyTSE:LIFChampion IronTSE:CIAChemtrade Logistics Income FundTSE:CHE.UNNeo LithiumCVE:NLCView 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 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. 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. 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