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Algoma Steel Group (ASTL) Competitors

Algoma Steel Group logo
C$6.14 -0.08 (-1.29%)
As of 09/23/2026 04:00 PM Eastern

ASTL vs. CIA, LIF, FEO, TSL, and NML

Should you buy Algoma Steel Group stock or one of its competitors? Algoma Steel Group's main competitors and comparable companies include Champion Iron (CIA), Labrador Iron Ore Royalty (LIF), Oceanic Iron Ore (FEO), Tree Island Steel (TSL), and New Millennium Iron Corp (NML.TO) (NML). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "steel" industry.

How does Algoma Steel Group compare to Champion Iron?

Champion Iron (TSE:CIA) and Algoma Steel Group (TSE:ASTL) are both small-cap materials companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, dividends, risk, analyst recommendations, earnings, valuation, profitability and institutional ownership.

Champion Iron has a net margin of 5.99% compared to Algoma Steel Group's net margin of -55.02%. Champion Iron's return on equity of 6.81% beat Algoma Steel Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Champion Iron5.99% 6.81% 13.11%
Algoma Steel Group -55.02%-180.34%-0.63%

Champion Iron has a beta of 0.296188, meaning that its stock price is 70% less volatile than the broader market. Comparatively, Algoma Steel Group has a beta of 1.8687, meaning that its stock price is 87% more volatile than the broader market.

Champion Iron has higher revenue and earnings than Algoma Steel Group. Algoma Steel Group is trading at a lower price-to-earnings ratio than Champion Iron, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Champion IronC$1.74B1.02C$128.81MC$0.2015.85
Algoma Steel GroupC$1.54B0.42-C$150.59M-C$10.16N/A

In the previous week, Champion Iron had 1 more articles in the media than Algoma Steel Group. MarketBeat recorded 2 mentions for Champion Iron and 1 mentions for Algoma Steel Group. Champion Iron's average media sentiment score of 1.26 beat Algoma Steel Group's score of 0.00 indicating that Champion Iron is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Champion Iron
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Algoma Steel Group
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

31.2% of Champion Iron shares are held by institutional investors. Comparatively, 17.6% of Algoma Steel Group shares are held by institutional investors. 11.3% of Champion Iron shares are held by insiders. Comparatively, 7.6% of Algoma Steel Group shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Champion Iron presently has a consensus target price of C$6.08, indicating a potential upside of 91.90%. Algoma Steel Group has a consensus target price of C$7.38, indicating a potential upside of 20.11%. Given Champion Iron's stronger consensus rating and higher possible upside, analysts plainly believe Champion Iron is more favorable than Algoma Steel Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Champion Iron
0 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
3.00
Algoma Steel Group
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25

Summary

Champion Iron beats Algoma Steel Group on 16 of the 17 factors compared between the two stocks.

How does Algoma Steel Group compare to Labrador Iron Ore Royalty?

Labrador Iron Ore Royalty (TSE:LIF) and Algoma Steel Group (TSE:ASTL) are both small-cap materials companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, profitability, dividends, media sentiment, analyst recommendations, valuation, risk and institutional ownership.

Labrador Iron Ore Royalty presently has a consensus price target of C$29.50, indicating a potential upside of 15.23%. Algoma Steel Group has a consensus price target of C$7.38, indicating a potential upside of 20.11%. Given Algoma Steel Group's stronger consensus rating and higher probable upside, analysts plainly believe Algoma Steel Group is more favorable than Labrador Iron Ore Royalty.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Labrador Iron Ore Royalty
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Algoma Steel Group
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25

Labrador Iron Ore Royalty has higher earnings, but lower revenue than Algoma Steel Group. Algoma Steel Group is trading at a lower price-to-earnings ratio than Labrador Iron Ore Royalty, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Labrador Iron Ore RoyaltyC$153.03M10.71C$197.32MC$1.2021.33
Algoma Steel GroupC$1.54B0.42-C$150.59M-C$10.16N/A

Labrador Iron Ore Royalty has a net margin of 50.38% compared to Algoma Steel Group's net margin of -55.02%. Labrador Iron Ore Royalty's return on equity of 12.04% beat Algoma Steel Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Labrador Iron Ore Royalty50.38% 12.04% 11.52%
Algoma Steel Group -55.02%-180.34%-0.63%

28.4% of Labrador Iron Ore Royalty shares are owned by institutional investors. Comparatively, 17.6% of Algoma Steel Group shares are owned by institutional investors. 0.1% of Labrador Iron Ore Royalty shares are owned by company insiders. Comparatively, 7.6% of Algoma Steel Group shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Labrador Iron Ore Royalty has a beta of 0.325461, indicating that its share price is 67% less volatile than the broader market. Comparatively, Algoma Steel Group has a beta of 1.8687, indicating that its share price is 87% more volatile than the broader market.

In the previous week, Labrador Iron Ore Royalty and Labrador Iron Ore Royalty both had 1 articles in the media. Labrador Iron Ore Royalty's average media sentiment score of 0.27 beat Algoma Steel Group's score of 0.00 indicating that Labrador Iron Ore Royalty is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Labrador Iron Ore Royalty
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Algoma Steel Group
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Labrador Iron Ore Royalty beats Algoma Steel Group on 9 of the 15 factors compared between the two stocks.

How does Algoma Steel Group compare to Oceanic Iron Ore?

Algoma Steel Group (TSE:ASTL) and Oceanic Iron Ore (CVE:FEO) are both small-cap materials companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, media sentiment, institutional ownership, risk, valuation, dividends and profitability.

Oceanic Iron Ore has a net margin of 0.00% compared to Algoma Steel Group's net margin of -55.02%. Oceanic Iron Ore's return on equity of -6.02% beat Algoma Steel Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Algoma Steel Group-55.02% -180.34% -0.63%
Oceanic Iron Ore N/A -6.02%-0.79%

Oceanic Iron Ore has lower revenue, but higher earnings than Algoma Steel Group. Oceanic Iron Ore is trading at a lower price-to-earnings ratio than Algoma Steel Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Algoma Steel GroupC$1.54B0.42-C$150.59M-C$10.16N/A
Oceanic Iron OreN/AN/A-C$2.29M-C$0.66N/A

Algoma Steel Group presently has a consensus target price of C$7.38, suggesting a potential upside of 20.11%. Oceanic Iron Ore has a consensus target price of C$1.73, suggesting a potential upside of 125.11%. Given Oceanic Iron Ore's stronger consensus rating and higher probable upside, analysts clearly believe Oceanic Iron Ore is more favorable than Algoma Steel Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Algoma Steel Group
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25
Oceanic Iron Ore
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00

In the previous week, Oceanic Iron Ore had 1 more articles in the media than Algoma Steel Group. MarketBeat recorded 2 mentions for Oceanic Iron Ore and 1 mentions for Algoma Steel Group. Oceanic Iron Ore's average media sentiment score of 0.34 beat Algoma Steel Group's score of 0.00 indicating that Oceanic Iron Ore is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Algoma Steel Group
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Oceanic Iron Ore
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Algoma Steel Group has a beta of 1.8687, meaning that its share price is 87% more volatile than the broader market. Comparatively, Oceanic Iron Ore has a beta of 3.003406, meaning that its share price is 200% more volatile than the broader market.

17.6% of Algoma Steel Group shares are held by institutional investors. Comparatively, 0.0% of Oceanic Iron Ore shares are held by institutional investors. 7.6% of Algoma Steel Group shares are held by company insiders. Comparatively, 9.0% of Oceanic Iron Ore shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

Oceanic Iron Ore beats Algoma Steel Group on 11 of the 15 factors compared between the two stocks.

How does Algoma Steel Group compare to Tree Island Steel?

Tree Island Steel (TSE:TSL) and Algoma Steel Group (TSE:ASTL) are both small-cap materials companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, institutional ownership, media sentiment, valuation, earnings, dividends, analyst recommendations and risk.

Algoma Steel Group has a consensus target price of C$7.38, suggesting a potential upside of 20.11%. Given Algoma Steel Group's stronger consensus rating and higher possible upside, analysts clearly believe Algoma Steel Group is more favorable than Tree Island Steel.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tree Island Steel
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Algoma Steel Group
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25

Tree Island Steel has a net margin of -4.34% compared to Algoma Steel Group's net margin of -55.02%. Tree Island Steel's return on equity of -6.25% beat Algoma Steel Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Tree Island Steel-4.34% -6.25% 1.95%
Algoma Steel Group -55.02%-180.34%-0.63%

Tree Island Steel has a beta of 0.48425, indicating that its stock price is 52% less volatile than the broader market. Comparatively, Algoma Steel Group has a beta of 1.8687, indicating that its stock price is 87% more volatile than the broader market.

Tree Island Steel has higher earnings, but lower revenue than Algoma Steel Group. Tree Island Steel is trading at a lower price-to-earnings ratio than Algoma Steel Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Tree Island SteelC$164.63M0.41-C$2.47M-C$0.27N/A
Algoma Steel GroupC$1.54B0.42-C$150.59M-C$10.16N/A

In the previous week, Tree Island Steel and Tree Island Steel both had 1 articles in the media. Tree Island Steel's average media sentiment score of 0.67 beat Algoma Steel Group's score of 0.00 indicating that Tree Island Steel is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Tree Island Steel
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Algoma Steel Group
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

0.1% of Tree Island Steel shares are owned by institutional investors. Comparatively, 17.6% of Algoma Steel Group shares are owned by institutional investors. 63.4% of Tree Island Steel shares are owned by insiders. Comparatively, 7.6% of Algoma Steel Group shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Algoma Steel Group beats Tree Island Steel on 8 of the 15 factors compared between the two stocks.

How does Algoma Steel Group compare to New Millennium Iron Corp (NML.TO)?

Algoma Steel Group (TSE:ASTL) and New Millennium Iron Corp (NML.TO) (TSE:NML) are both small-cap materials companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, earnings, valuation, risk, media sentiment and analyst recommendations.

New Millennium Iron Corp (NML.TO) has a net margin of 0.00% compared to Algoma Steel Group's net margin of -55.02%. New Millennium Iron Corp (NML.TO)'s return on equity of 0.00% beat Algoma Steel Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Algoma Steel Group-55.02% -180.34% -0.63%
New Millennium Iron Corp (NML.TO) N/A N/A N/A

Algoma Steel Group presently has a consensus price target of C$7.38, suggesting a potential upside of 20.11%. Given Algoma Steel Group's stronger consensus rating and higher possible upside, analysts plainly believe Algoma Steel Group is more favorable than New Millennium Iron Corp (NML.TO).

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Algoma Steel Group
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25
New Millennium Iron Corp (NML.TO)
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

In the previous week, Algoma Steel Group had 1 more articles in the media than New Millennium Iron Corp (NML.TO). MarketBeat recorded 1 mentions for Algoma Steel Group and 0 mentions for New Millennium Iron Corp (NML.TO). Algoma Steel Group's average media sentiment score of 0.00 equaled New Millennium Iron Corp (NML.TO)'saverage media sentiment score.

Company Overall Sentiment
Algoma Steel Group Neutral
New Millennium Iron Corp (NML.TO) Neutral

17.6% of Algoma Steel Group shares are owned by institutional investors. 7.6% of Algoma Steel Group shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

New Millennium Iron Corp (NML.TO) has lower revenue, but higher earnings than Algoma Steel Group. Algoma Steel Group is trading at a lower price-to-earnings ratio than New Millennium Iron Corp (NML.TO), indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Algoma Steel GroupC$1.54B0.42-C$150.59M-C$10.16N/A
New Millennium Iron Corp (NML.TO)C$264.80K0.00-C$75.44K-C$0.01N/A

Summary

Algoma Steel Group beats New Millennium Iron Corp (NML.TO) on 8 of the 13 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding ASTL and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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ASTL vs. The Competition

MetricAlgoma Steel GroupMetals & Mining IndustryMaterials SectorTSE Exchange
Market CapC$657.21MC$3.96BC$4.94BC$12.84B
Dividend Yield2.43%5.21%4.71%6.27%
P/E Ratio-0.6025.7526.0940.36
Price / Sales0.4230,482.1818,089.919.35
Price / Cash1.8729.4726.8982.29
Price / Book2.2712.2010.144.69
Net Income-C$150.59MC$127.53MC$158.14MC$299.09M
7 Day Performance-0.32%0.83%0.51%0.01%
1 Month Performance10.63%-2.28%-2.18%-2.14%
1 Year Performance6.23%30.31%25.42%20.17%

Algoma Steel Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ASTL
Algoma Steel Group
N/AC$6.14
-1.3%
C$7.38
+20.1%
+6.6%C$657.21MC$1.54BN/A2,400
CIA
Champion Iron
4.1343 of 5 stars
C$3.17
+4.3%
C$6.08
+91.9%
-24.3%C$1.78BC$1.74B15.85220
LIF
Labrador Iron Ore Royalty
2.4359 of 5 stars
C$25.85
+0.8%
C$29.50
+14.1%
-9.1%C$1.65BC$153.03M21.54600
FEO
Oceanic Iron Ore
1.9257 of 5 stars
C$0.77
-1.3%
C$1.73
+125.1%
-13.5%C$201.36MN/AN/AN/A
TSL
Tree Island Steel
N/AC$2.73
-0.4%
N/A-0.8%C$70.56MC$164.63MN/A430

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This page (TSE:ASTL) was last updated on 9/24/2026 by MarketBeat.com Staff.
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