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An announcement from Algoma Steel Group ( (TSE:ASTL) ) is now available.
On November 14, 2025, Algoma Steel Inc. entered into multiple loan agreements, both secured and unsecured, with Canada Enterprise Emergency Funding Corporation and His Majesty The King in Right of Ontario. These agreements are expected to provide financial support to Algoma Steel, potentially impacting its operational stability and market positioning.
The most recent analyst rating on (TSE:ASTL) stock is a Hold with a C$5.50 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 is primarily impacted by its financial performance and valuation. The company faces significant financial challenges with negative profitability and cash flow constraints. Technical analysis indicates a bearish trend, while the valuation reflects current unprofitability. Despite these challenges, the company’s strong liquidity and strategic projects provide some positive outlook.
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 manufacturing industry, primarily producing steel products. The company focuses on serving various market segments with its steel offerings.
Average Trading Volume: 1,020,913
Technical Sentiment Signal: Sell
Current Market Cap: C$570.8M
See more insights into ASTL stock on TipRanks’ Stock Analysis page.