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Algoma Steel Group (TSE:ASTL)
TSX:ASTL
RESEARCH TOOLSreports
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ASTL Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$8.71 - C$14.48
Previous CloseC$13.53
Volume86.48K
Average Volume (3M)73.66K
Market Cap
C$1.41B
Enterprise ValueC$1.50B
Total Cash (Recent Filing)C$97.90M
Total Debt (Recent Filing)C$147.50M
Price to Earnings (P/E)―
Beta1.13
Next Earnings
Nov 06, 2024EPS Estimate
-C$0.37Last Dividend Ex-Date
Aug 23, 2024Dividend Yield1.98%
Share Statistics
EPS (TTM)-0.17
Shares Outstanding104,123,072
10 Day Avg. Volume87,655
30 Day Avg. Volume73,660
Standard Deviation0.13
R-Squared0.40
Alpha0.00237
Financial Highlights & Ratios
Price to Book (P/B)0.94
Price to Sales (P/S)0.51
Price to Cash Flow (P/CF)3.00
P/FCF Ratio32.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$17.00Price Target Upside25.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Algoma Steel Group News
PremiumCompany Announcements
Algoma Steel to Showcase at Jefferies 2024 Industrials
PremiumCompany Announcements
Algoma Steel Launches Share Buyback Program
PremiumCompany Announcements
Algoma Steel Cheers Green Transition with New Power Line
PremiumCompany Announcements
Algoma Steel Announces Virtual Shareholders MeetingBulls Say, Bears Say
Bulls Say
Capital AllocationAlgoma plans to relaunch NCIB, which would allow it to repurchase up to 5% of shares/warrants and give it greater capital allocation optionality.
Project ProgressThe EAF project remains on budget and on time, with first steel production expected in late CY1Q'25.
Transformation BenefitsAlgoma’s transformation from BoF-based steelmaking to EAF will translate to higher through-cycle profitability, lower costs, and higher multiples over time.
Bears Say
EarningsFY2Q'25 results will mark a trough earnings given the ongoing demand softness.
Financial PerformanceGiven the currently challenging pricing environment and ongoing demand softness, FY2Q'25 results will mark a trough.
Pricing EnvironmentThe pricing environment remains very challenging and competitive, while demand remains subdued.
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Options Prices
Currently, No data available
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Ownership Overview
20.30%
Insiders
3.69% Mutual Funds
62.18% Other Institutional Investors
13.83% Public Companies and
Individual Investors
ASTL FAQ
What was Algoma Steel Group’s price range in the past 12 months?
Algoma Steel Group lowest stock price was C$8.71 and its highest was C$14.48 in the past 12 months.
What is Algoma Steel Group’s market cap?
Currently, no data Available
When is Algoma Steel Group’s upcoming earnings report date?
Algoma Steel Group’s upcoming earnings report date is Nov 06, 2024 which is in 47 days.
How were Algoma Steel Group’s earnings last quarter?
Algoma Steel Group released its earnings results on Aug 13, 2024. The company reported -C$0.07 earnings per share for the quarter, missing the consensus estimate of -C$0.031 by -C$0.039.
Is Algoma Steel Group overvalued?
According to Wall Street analysts Algoma Steel Group’s price is currently Undervalued.
Does Algoma Steel Group pay dividends?
Algoma Steel Group pays a Quarterly dividend of C$0.07 which represents an annual dividend yield of 1.98%. See more information on Algoma Steel Group dividends here
What is Algoma Steel Group’s EPS estimate?
Algoma Steel Group’s EPS estimate is -C$0.37.
How many shares outstanding does Algoma Steel Group have?
Algoma Steel Group has 104,123,070 shares outstanding.
What happened to Algoma Steel Group’s price movement after its last earnings report?
Algoma Steel Group reported an EPS of -C$0.07 in its last earnings report, missing expectations of -C$0.031. Following the earnings report the stock price went up 3.548%.
Which hedge fund is a major shareholder of Algoma Steel Group?
Among the largest hedge funds holding Algoma Steel Group’s share is Donald Smith & Co. Inc. It holds Algoma Steel Group’s shares valued at 62M.
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Algoma Steel Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$17.00 (25.53% Upside)
C$17.00 (25.53% Upside)
Blogger Sentiment
Bullish
TSE:ASTL Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 1.0M Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
50.62%
12-Months-Change
Fundamentals
Return on Equity
-1.21%
Trailing 12-Months
Asset Growth
14.93%
Trailing 12-Months
Company Description
Algoma Steel Group
Legato Merger Corp is a blank check company.
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ASTL Company Deck
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ASTL Earnings Call
Q1 2024
0:00 / 0:00
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ASTL Stock 12 Month Forecast
Average Price Target
C$17.00
▲(25.53% Upside)
Technical Analysis
ArcelorMittal
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United States Steel
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Cleveland-Cliffs
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Nucor
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Algoma Steel Group
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Best Analysts Covering ASTL
1 Year
1 Year Success Rate
14/15 ratings generated profit
1 Year Average Return
+20.87%
reiterated a buy rating 22 days ago
Copying Ian Gillies's trades and holding each position for 1 Year would result in 93.33% of your transactions generating a profit, with an average return of +20.87% per trade.
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