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

Company Overview

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.

Key Stats

• Today's Range: C$15.13 to C$15.53
• 50-Day Range: C$13.26 to C$16.65
• 52-Week Range: C$9.16 to C$16.83
• Volume: 32,159 shs
• Average Volume: 58,829 shs
• Market Capitalization: C$1.59 billion
• P/E Ratio: N/A
• Dividend Yield: 1.77%
• Price Target: C$16.69
• Consensus Rating: Moderate Buy

Algoma Steel Group Stock Analysis - MarketRank™

Algoma Steel Group scored higher than 14% 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: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Algoma Steel Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Algoma Steel Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Algoma Steel Group is -69.27, 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 -69.27, 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 1.03. P/B Ratios below 3 indicates that a company is reasonably valued 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 1.96%, 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: 2.2 / 5
• News Sentiment: -0.10

News Sentiment

Algoma Steel Group has a news sentiment score of -0.10. 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 0.37 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 0 articles on an average week.

Search Interest

1 people have searched for ASTL on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Algoma Steel Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$569,231.00 in company stock.

Percentage Held by Insiders

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

Percentage Held by Institutions

69.71% 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.

ASTL Stock Analysis - Frequently Asked Questions

How have ASTL shares performed this year?

Algoma Steel Group's stock was trading at C$13.30 at the beginning of the year. Since then, ASTL shares have increased by 14.6% and is now trading at C$15.24.
View the best growth stocks for 2024 here.

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.

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).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 8/23/2024
• Dividend Payable: 9/27/2024
• Today: 11/14/2024

Industry, Sector and Symbol

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

Price Target and Rating

• Average Stock Price Target: C$16.69
• High Stock Price Target: C$19.00
• Low Stock Price Target: C$14.00
• Potential Upside/Downside: +9.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 10.30
• P/E Growth: N/A
• Net Income: C$-19,600,000.00
• Net Margins: -0.75%
• Pretax Margin: N/A
• Return on Equity: -1.27%
• Return on Assets: -0.63%

Debt

• Debt-to-Equity Ratio: 40.70
• Current Ratio: 4.19
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: C$2.62 billion
• Price / Sales: 0.61
• Cash Flow: C$8.14 per share
• Price / Cash Flow: 1.87
• Book Value: C$14.82 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 104,120,000
• Free Float: N/A
• Market Cap: C$1.59 billion
• Optionable: Not Optionable
• Beta: 1.50