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Algoma Steel Group ( (TSE:ASTL) ) just unveiled an announcement.
On May 21, 2025, Algoma Steel Group Inc. announced the upcoming Annual Meeting of Shareholders scheduled for June 24, 2025. The meeting will address key corporate matters including the election of directors and the appointment of auditors. This event is crucial for stakeholders as it will determine the company’s governance and strategic direction for the coming year.
The most recent analyst rating on (TSE:ASTL) stock is a Hold with a C$8.00 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.
Algoma Steel Group’s overall stock score reflects significant financial challenges, with declining revenue and negative profitability. Strategic initiatives like the EAF project offer potential for future improvement, but current technical and valuation metrics indicate ongoing difficulties.
To see Spark’s full report on TSE:ASTL stock, click here.
More about Algoma Steel Group
Algoma Steel Group Inc. operates in the steel industry, primarily focusing on the production of high-quality steel products. The company is based in Sault Ste. Marie, Ontario, Canada, and is known for its commitment to delivering steel solutions to various market segments.
Average Trading Volume: 207,184
Technical Sentiment Signal: Sell
Current Market Cap: C$842.6M
Learn more about ASTL stock on TipRanks’ Stock Analysis page.
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