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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
TSE:ASTL

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

C$11.55
+0.13 (+1.14%)
(As of 03/28/2024 ET)
Today's Range
C$11.43
C$11.69
50-Day Range
C$10.29
C$12.22
52-Week Range
C$8.64
C$13.54
Volume
68,878 shs
Average Volume
59,709 shs
Market Capitalization
C$1.20 billion
P/E Ratio
18.05
Dividend Yield
2.34%
Price Target
C$15.50

Algoma Steel Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
34.2% Upside
C$15.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.10mentions of Algoma Steel Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
C$16,236 Bought Last Quarter
Proj. Earnings Growth
N/A

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.

3.62 out of 5 stars

ASTL stock logo

About Algoma Steel Group Stock (TSE: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.

ASTL Stock Price History

ASTL Stock News Headlines

ASTL Apr 2024 8.000 call
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
ASTL Mar 2024 7.000 call
Algoma Steel Inc: Algoma Resumes Normal Steel Production
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
BMO Capital Reaffirms Their Buy Rating on Algoma Steel Group (ASTL)
Closing Bell: Algoma Steel Group Inc down on Tuesday (ASTL-WT)
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
2/28/2024
Today
3/29/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
6/22/2024

Industry, Sector and Symbol

Industry
Steel
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,847
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$15.50
High Stock Price Target
C$17.00
Low Stock Price Target
C$14.00
Potential Upside/Downside
+34.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
C$56.80 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.85 billion
Cash Flow
C$6.17 per share
Book Value
C$13.85 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.20 billion
Optionable
Not Optionable
Beta
1.52
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Key Executives

  • Mr. Michael Dennis Garcia (Age 59)
    CEO & Director
    Comp: $1.41M
  • Mr. Rajat Marwah (Age 50)
    Chief Financial Officer
    Comp: $739.87k
  • Mr. John Ralph Naccarato (Age 57)
    VP of Strategy & Chief Legal Officer
    Comp: $726.59k
  • Michael Moraca
    Treasurer & Investor Relations Officer
  • Ms. Brenda Stenta
    Manager of Communications & Branding
  • Mr. Rory Brandow (Age 64)
    Vice President of Sales
  • Ms. Danielle Baker
    Chief Human Resource Officer
  • Mr. Mike Panzeri
    Senior Vice President of Production

ASTL Stock Analysis - Frequently Asked Questions

Should I buy or sell Algoma Steel Group stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

3 brokerages have issued 1 year price targets for Algoma Steel Group's stock. Their ASTL share price targets range from C$14.00 to C$17.00. On average, they anticipate the company's stock price to reach C$15.50 in the next twelve months. This suggests a possible upside of 34.2% 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 2024?

Algoma Steel Group's stock was trading at C$13.30 at the beginning of 2024. Since then, ASTL stock has decreased by 13.2% and is now trading at C$11.55.
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 Saturday, June 22nd 2024.
View our ASTL earnings forecast
.

How often does Algoma Steel Group pay dividends? What is the dividend yield for Algoma Steel Group?

Algoma Steel Group announced a quarterly dividend on Wednesday, February 28th. Investors of record on Friday, March 29th will be given a dividend of 0.05 per share on Friday, March 29th. This represents a $0.20 annualized dividend and a yield of 1.73%. 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 (TSE:ASTL) pays an annual dividend of C$0.27 per share and currently has a dividend yield of 2.52%. The dividend payout ratio is 42.19%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for 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.

This page (TSE:ASTL) was last updated on 3/29/2024 by MarketBeat.com Staff

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