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

Company Overview

Algoma Steel Group Inc is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.

Key Stats

• Today's Range: C$6.88 to C$7.20
• 50-Day Range: C$6.04 to C$9.67
• 52-Week Range: C$5.91 to C$16.83
• Volume: 741,205 shs
• Average Volume: 268,644 shs
• Market Capitalization: C$746.08 million
• P/E Ratio: N/A
• Dividend Yield: 3.82%
• Price Target: C$9.67
• Consensus Rating: Hold

Algoma Steel Group Stock Analysis - MarketRank™

Algoma Steel Group scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Hold

Consensus Rating

Algoma Steel Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Upside Potential

Algoma Steel Group has a consensus price target of C$9.67, representing about 36.0% upside from its current price of C$7.11.

Amount of Analyst Coverage

Algoma Steel Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Algoma Steel Group is -4.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Algoma Steel Group is -4.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Algoma Steel Group has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ASTL.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Algoma Steel Group pays a meaningful dividend of 2.43%, 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ASTL.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: -0.32

News Sentiment

Algoma Steel Group has a news sentiment score of -0.32. 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 lower news sentiment than the 0.58 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Algoma Steel Group this week, compared to 1 article on an average week.

Search Interest

7 people have searched for ASTL on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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

Only 7.57% of the stock of Algoma Steel Group is held by insiders.

Percentage Held by Institutions

Only 25.65% of the stock of Algoma Steel Group is held by institutions.

ASTL Stock Analysis - Frequently Asked Questions

How have ASTL shares performed this year?

Algoma Steel Group's stock was trading at C$14.08 at the start of the year. Since then, ASTL stock has decreased by 49.5% and is now trading at C$7.11.

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.

What other stocks do shareholders of Algoma Steel Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Algoma Steel Group investors own include Whitecap Resources (WCP), TC Energy (TRP), Bank of Nova Scotia (BNS), Crescent Point Energy (CPG), Toronto-Dominion Bank (TD), ARC Resources (ARX) and Alimentation Couche-Tard (ATD).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Steel
• Sub-Industry: Steel Works
• Current Symbol: TSE:ASTL
• CIK: N/A
• Web: www.algoma.com
• Phone: 17059452201
• Fax: N/A
• Employees: 2,730
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Algoma Steel Group: C$9.67
• High Price Target: C$13.00
• Low Price Target: C$8.00
• Potential Upside/Downside: +36.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): C($1.45)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 4.81
• P/E Growth: N/A
• Net Income: -C$150.59 million
• Net Margins: -6.33%
• Pretax Margin: N/A
• Return on Equity: -10.66%
• Return on Assets: -0.63%

Debt

• Debt-to-Equity Ratio: 43.70
• Current Ratio: 3.31
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: C$2.49 billion
• Price / Sales: 0.30
• Cash Flow: C$3.80 per share
• Price / Cash Flow: 1.87
• Book Value: C$13.03 per share
• Price / Book: 0.55

Miscellaneous

• Outstanding Shares: 104,934,000
• Free Float: N/A
• Market Cap: C$746.08 million
• Optionable: Not Optionable
• Beta: 2.07