Algoma Steel Group Inc. (TSE:ASTL - Get Free Report)'s share price reached a new 52-week low on Wednesday after BMO Capital Markets lowered their price target on the stock from C$14.00 to C$12.00. BMO Capital Markets currently has an outperform rating on the stock. Algoma Steel Group traded as low as C$6.06 and last traded at C$6.16, with a volume of 304490 shares. The stock had previously closed at C$6.79.
Separately, Stifel Nicolaus lowered their price target on shares of Algoma Steel Group from C$21.00 to C$15.25 and set a "buy" rating on the stock in a research note on Friday, March 14th.
View Our Latest Analysis on ASTL
Algoma Steel Group Price Performance
The business has a fifty day moving average of C$9.28 and a two-hundred day moving average of C$12.28. The company has a debt-to-equity ratio of 43.70, a quick ratio of 1.51 and a current ratio of 3.31. The firm has a market capitalization of C$683.47 million, a price-to-earnings ratio of -4.51 and a beta of 1.50.
Algoma Steel Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, March 21st. Algoma Steel Group's dividend payout ratio is presently -18.53%.
About Algoma Steel Group
(
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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.
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