NASDAQ:ASTL Algoma Steel Group (ASTL) Stock Price, News & Analysis → The “Perfect Storm” for Gold (From Gold Safe Exchange) (Ad) Free ASTL Stock Alerts $7.85 +0.20 (+2.61%) (As of 04/17/2024 ET) Add Compare Share Share Today's Range$7.74▼$7.9250-Day Range$7.59▼$8.7852-Week Range$6.34▼$10.25Volume251,448 shsAverage Volume631,886 shsMarket Capitalization$817.19 millionP/E Ratio78.50Dividend Yield2.55%Price TargetN/A Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Algoma Steel Group alerts: Email Address Algoma Steel Group MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestBearish3.57% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth11.54%From $0.78 to $0.87 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.69 out of 5 starsBasic Materials Sector122nd out of 170 stocksBlast Furnaces & Steel Mills Industry9th out of 12 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Algoma Steel Group. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.57% of the outstanding shares of Algoma Steel Group have been sold short.Short Interest Ratio / Days to CoverAlgoma Steel Group has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in Algoma Steel Group has recently increased by 4.79%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.59%, 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 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 22.99% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASTL. Previous Next 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Algoma Steel Group this week, compared to 1 article on an average week.Search Interest1 people have searched for ASTL on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 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 1.7 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 Institutions72.00% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Algoma Steel Group are expected to grow by 11.54% in the coming year, from $0.78 to $0.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 78.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 78.50, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.64.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.74. 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 Ad Gold Safe ExchangeThe “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying Guide! About Algoma Steel Group Stock (NASDAQ:ASTL)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.Read More ASTL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTL Stock News HeadlinesMarch 26, 2024 | globenewswire.comAlgoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029March 25, 2024 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Provides Fiscal Fourth Quarter 2024 GuidanceApril 18, 2024 | Gold Safe Exchange (Ad)The “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.March 25, 2024 | markets.businessinsider.comAlgoma Steel Inc. Announces Proposed Offering of US$350 Million of Senior Secured Second Lien Notes due 2029March 25, 2024 | globenewswire.comCORRECTION: Dividend Payment Date Adjustment Due to Canadian Statutory HolidayMarch 25, 2024 | globenewswire.comAlgoma Steel Provides Fiscal Fourth Quarter 2024 GuidanceMarch 15, 2024 | seekingalpha.comAlgoma Steel: Underpriced From Both Cyclical And EAF PerspectivesFebruary 26, 2024 | globenewswire.comAlgoma Steel Group to Participate in the BMO 33rd Global Metals, Mining & Critical Minerals ConferenceApril 18, 2024 | Gold Safe Exchange (Ad)The “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.February 19, 2024 | ca.finance.yahoo.comASTL Apr 2024 8.000 putFebruary 14, 2024 | globenewswire.comAlgoma Resumes Normal Steel ProductionFebruary 9, 2024 | theglobeandmail.comAlgoma Steel says five workers sent to hospital after casthouse incidentFebruary 9, 2024 | globenewswire.comAlgoma Addresses Casthouse IncidentFebruary 7, 2024 | seekingalpha.comAlgoma Steel Group Inc. 2024 Q3 - Results - Earnings Call PresentationFebruary 5, 2024 | finance.yahoo.comDonald Smith & Co. Bolsters Stake in Algoma Steel Group IncFebruary 5, 2024 | benzinga.comEarnings Outlook For Algoma Steel GrFebruary 5, 2024 | benzinga.comAlgoma Steel Gr's Earnings OutlookJanuary 25, 2024 | markets.businessinsider.comAlgoma Steel Group’s Resilience Justifies Buy Rating Amid Short-Term Operational HurdlesJanuary 23, 2024 | seekingalpha.comAlgoma Steel resumes limited production at Ontario coke-making plantJanuary 23, 2024 | finance.yahoo.comAlgoma Steel Provides Update on Incident at Coke-Making PlantJanuary 20, 2024 | finance.yahoo.comAlgoma Steel Reports Incident at Coke-Making PlantJanuary 3, 2024 | finance.yahoo.comAlgoma Steel Provides Fiscal Third Quarter 2024 GuidanceDecember 30, 2023 | seekingalpha.comASTL.WT:CA Algoma Steel Group Inc. WT EXP 101926December 21, 2023 | finance.yahoo.comAlgoma Steel Group Announces Director RetirementNovember 28, 2023 | seekingalpha.comASTL Algoma Steel Group Inc.November 23, 2023 | seekingalpha.comAlgoma Steel: Solid Earnings Results And Increased TransparencyNovember 9, 2023 | finance.yahoo.comAlgoma Steel Group (NASDAQ:ASTL) Will Pay A Dividend Of CA$0.05See 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 Company Calendar Last Earnings2/06/2024Ex-Dividend for 3/29 Dividend2/28/2024Dividend Payable3/29/2024Today4/18/2024Next Earnings (Estimated)6/19/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBasic Materials Industry Blast furnaces & steel mills Sub-IndustryN/A Current SymbolNASDAQ:ASTL CUSIPN/A CIK1860805 Webwww.algoma.com Phone705-945-2351FaxN/AEmployees2,847Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$0.10 Trailing P/E Ratio78.50 Forward P/E Ratio10.06 P/E GrowthN/ANet Income$225.82 million Net Margins2.05% Pretax Margin2.98% Return on Equity3.84% Return on Assets2.22% Debt Debt-to-Equity Ratio0.09 Current Ratio2.88 Quick Ratio0.98 Sales & Book Value Annual Sales$2.10 billion Price / Sales0.39 Cash Flow$2.92 per share Price / Cash Flow2.69 Book Value$10.68 per share Price / Book0.74Miscellaneous Outstanding Shares104,100,000Free FloatN/AMarket Cap$817.19 million OptionableOptionable Beta1.52 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Michael Dennis Garcia (Age 59)CEO & Director Comp: $1.03MMr. Rajat Marwah (Age 50)Chief Financial Officer Comp: $544.47kMr. John Ralph Naccarato (Age 57)VP of Strategy & Chief Legal Officer Comp: $534.7kMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaManager of Communications & BrandingMr. Rory Brandow (Age 64)Vice President of Sales Ms. Danielle BakerChief Human Resource OfficerMr. Mike PanzeriSenior Vice President of ProductionMore ExecutivesKey CompetitorsTimkenSteelNYSE:TMSTMetallusNYSE:MTUSLithium Americas (Argentina)NYSE:LAACHaynes InternationalNASDAQ:HAYNWestlake Chemical PartnersNYSE:WLKPView All CompetitorsInstitutional OwnershipQuadrature Capital LtdBought 11,352 shares on 3/25/2024Ownership: 0.011%GSA Capital Partners LLPBought 15,922 shares on 2/16/2024Ownership: 0.046%Legal & General Group PlcBought 3,700 shares on 2/15/2024Ownership: 0.073%Gamco Investors INC. ET ALBought 2,000 shares on 2/15/2024Ownership: 0.064%Barclays PLCBought 2,704 shares on 2/15/2024Ownership: 0.025%View All Institutional Transactions ASTL Stock Analysis - Frequently Asked Questions Should I buy or sell Algoma Steel Group stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASTL shares. View ASTL analyst ratings or view top-rated stocks. How have ASTL shares performed in 2024? Algoma Steel Group's stock was trading at $10.03 at the beginning of 2024. Since then, ASTL stock has decreased by 21.7% and is now trading at $7.85. View the best growth stocks for 2024 here. When is Algoma Steel Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 19th 2024. View our ASTL earnings forecast. How were Algoma Steel Group's earnings last quarter? Algoma Steel Group Inc. (NASDAQ:ASTL) announced its quarterly earnings results on Tuesday, February, 6th. The company reported ($0.57) earnings per share for the quarter. The company earned $452.07 million during the quarter, compared to analysts' expectations of $453.22 million. Algoma Steel Group had a net margin of 2.05% and a trailing twelve-month return on equity of 3.84%. 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 Tuesday, February 6th. Investors of record on Thursday, February 29th will be paid a dividend of $0.05 per share on Friday, March 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, February 28th. Read our dividend analysis for ASTL. Is Algoma Steel Group a good dividend stock? Algoma Steel Group (NASDAQ:ASTL) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.59%. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASTL will have a dividend payout ratio of 22.99% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASTL. What ETF holds Algoma Steel Group's stock? VanEck Steel ETF holds 116,088 shares of ASTL stock, representing 0.83% of its portfolio. How do I buy shares of Algoma Steel Group? Shares of ASTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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