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Algoma Steel Group ( (TSE:ASTL) ) has issued an announcement.
On October 1, 2025, Algoma Steel Group Inc. provided guidance for its third quarter of 2025, projecting total steel shipments of approximately 415,000 to 420,000 net tons and an expected negative Adjusted EBITDA of $80 million to $90 million. Despite trade challenges, the company achieved significant progress in its transition to low-carbon steelmaking with its electric arc furnace, supported by federal and provincial financial aid. In a separate announcement, David Sgro resigned from the board of directors for personal reasons, with the board acknowledging his contributions to the company’s transformation and strategic vision.
The most recent analyst rating on (TSE:ASTL) stock is a Buy with a C$10.75 price target. To see the full list of analyst forecasts on Algoma Steel Group stock, see the TSE:ASTL Stock Forecast page.
Spark’s Take on TSE:ASTL Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASTL is a Neutral.
The overall stock score for Algoma Steel Group is heavily influenced by substantial financial challenges and weak technical indicators. The company’s negative profitability metrics and declining revenue are significant concerns. Additionally, the technical analysis suggests bearish momentum, further impacting the score. Although the dividend yield provides some reassurance, the negative P/E ratio indicates ongoing earnings difficulties, resulting in an overall cautious outlook.
To see Spark’s full report on TSE:ASTL stock, click here.
More about Algoma Steel Group
Based in Sault Ste. Marie, Ontario, Canada, Algoma Steel Group Inc. is a fully integrated producer of hot and cold rolled steel products, including sheet and plate. The company serves sectors such as automotive, construction, energy, defense, and manufacturing, and is the only producer of discrete plate products in Canada. Algoma is committed to modernizing its operations with electric arc technology to reduce carbon emissions and is a key supplier of steel products in North America.
Average Trading Volume: 527,244
Technical Sentiment Signal: Sell
Current Market Cap: C$496.3M
See more insights into ASTL stock on TipRanks’ Stock Analysis page.