Algoma Steel Group Inc. (ASTL)
| Market Cap | 1.04B |
| Revenue (ttm) | 2.08B |
| Net Income (ttm) | 53.19M |
| Shares Out | 103.57M |
| EPS (ttm) | 0.20 |
| PE Ratio | 51.11 |
| Forward PE | 12.05 |
| Dividend | $0.20 (1.99%) |
| Ex-Dividend Date | Nov 29, 2023 |
| Volume | 568,842 |
| Open | 10.06 |
| Previous Close | 10.13 |
| Day's Range | 9.94 - 10.14 |
| 52-Week Range | 5.79 - 10.25 |
| Beta | 1.53 |
| Analysts | Strong Buy |
| Price Target | 14.25 (+42.07%) |
| Earnings Date | Feb 12, 2024 |
About 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 equ... [Read more]
Financial Performance
In 2022, ASTL's revenue was 2.78 billion, a decrease of -27.00% compared to the previous year's 3.81 billion. Earnings were 298.50 million, a decrease of -65.20%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to one analyst, the rating for ASTL stock is "Strong Buy" and the 12-month stock price forecast is $14.25.
News
Algoma Steel Group Announces Director Retirement
SAULT STE. MARIE, Ontario, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel she...
Algoma Steel Announces Retirement of Vice President - Sales
SAULT STE. MARIE, Ontario, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel she...
Algoma Steel Group Reports Fiscal Second Quarter 2024 Financial Results
Second Quarter In line with Previously Announced Expectations Positive Momentum on EAF Power Supply Reiterated Outlook on Transformative EAF Project with $455.7 Million Invested to Date SAULT STE. MAR...
Algoma Steel to Announce Fiscal 2024 Second Quarter Results November 2, 2023
SAULT STE. MARIE, Ontario, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel she...
Algoma Steel Announces Extension of Iron Ore Contract with U. S. Steel to Support Transition to Electric Arc Steelmaking
SAULT STE. MARIE, Ontario, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel she...
Algoma Steel Provides Fiscal Second Quarter 2024 Guidance
SAULT STE. MARIE, Ontario, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sh...
Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders
SAULT STE. MARIE, Ontario, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sh...
Algoma Steel donates C$120,000 to support United Way's Harvest Algoma
SAULT STE. MARIE, Ontario, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sh...
Algoma Steel Issues Inaugural Annual ESG Report
SAULT STE. MARIE, Ontario, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sh...
Algoma Steel Group to Participate in the Jefferies 2023 Industrials Conference
SAULT STE. MARIE, Ontario, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel she...
Algoma Steel Group Reports Fiscal 2024 First Quarter Financial Results
First Quarter Results Ahead of Previously Announced Expectations Solid Performance from Operations Resulted in Strong Cash Flow Generation Reiterated Outlook on Transformative EAF Project with $74 Mil...
Algoma Steel to Announce Fiscal 2024 First Quarter Results August 10, 2023
SAULT STE. MARIE, Ontari, July 27, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel shee...
Algoma Steel Announces Filing of Base Shelf Prospectus
SAULT STE. MARIE, Ontario, June 21, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel she...
Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2023 Financial Results
Fourth Quarter Results In-Line with Previously Announced Expectations Plate and Strip Operations Running at Normal Production Levels Planned Plate Capacity Increase Ahead of Schedule Further Strengthe...
Algoma Steel Reports Fatal Incident
SAULT STE. MARIE, Ontario, June 16, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), regrets to report a fatal incident involving an employee of ...
Algoma Steel to Announce Fiscal 2023 Fourth Quarter and Full Year Results June 21, 2023
SAULT STE. MARIE, Ontario, June 06, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate prod...
Algoma Steel Upsizes ABL Credit Facility and Extends Maturity Date to 2028
SAULT STE. MARIE, Ontario, May 25, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel shee...
Algoma Steel Releases ESG Position Statement
SAULT STE. MARIE, Ontario, April 06, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sh...
Algoma Steel Provides Fiscal 2023 Fourth Quarter Guidance
SAULT STE. MARIE, Ontario, March 30, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sh...
Algoma Steel Group Announces Director Resignation
SAULT STE. MARIE, Ontario, March 29, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sh...
Algoma Steel Appoints EllisDon as Construction Manager for Electric Arc Furnace Project
SAULT STE. MARIE, Ontario, March 13, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Corporation”), a leading Canadian producer of hot and cold rolled stee...
Algoma Steel Group Announces Renewal of Normal Course Issuer Bid
SAULT STE. MARIE, Ontario, March 01, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”) announced today that the Toronto Stock Exchange (the “TSX”) ...
Algoma Steel Group to Participate in the BMO 32nd Global Metals, Mining & Critical Minerals Conference
SAULT STE. MARIE, Ontario, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel she...
Algoma Steel Installs First Structural Columns for Electric Arc Steel Shop
SAULT STE. MARIE, Ontario, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate prod...
Algoma Steel Group Reports Fiscal 2023 Third Quarter Results
Results In Line with Previously Announced Expectations