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Algoma Steel Group - ASTL Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $17.00
  • Forecasted Upside: 145.66%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$6.92 As of 09/27/2023 01:00 AM ET
▲ +0.17 (2.52%)

This chart shows the closing price for ASTL by one month, three months, or twelve months.

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Analyst Price Target for ASTL

Analyst Price Target is $17.00
▲ +145.66% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Algoma Steel Group in the last 3 months. The average price target is $17.00, with a high forecast of $17.00 and a low forecast of $17.00. The average price target represents a 145.66% upside from the last price of $6.92.

This chart shows the closing price for ASTL for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 polled investment analysts is to buy stock in Algoma Steel Group. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/5/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/4/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/2/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/31/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/31/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
9/17/2023Stifel CanadaReiterated RatingBuyLow
2/15/2023BMO Capital MarketsBoost TargetC$11.00 ➝ C$15.00Low
1/18/2023Stifel NicolausUpgradeHold ➝ BuyLow
1/10/2023BMO Capital MarketsLower TargetC$14.00 ➝ C$11.00Low
11/21/2022Stifel NicolausBoost TargetC$10.25 ➝ C$10.75Low
11/9/2022Stifel NicolausLower TargetC$10.75 ➝ C$10.25Low
10/20/2022Stifel NicolausLower TargetC$11.25 ➝ C$10.75Low
9/28/2022BMO Capital MarketsLower TargetC$16.00 ➝ C$14.00Low
9/28/2022Stifel NicolausLower TargetC$14.00 ➝ C$11.25Low
9/21/2022Stifel NicolausLower TargetC$14.50 ➝ C$14.00Low
7/25/2022Stifel NicolausLower TargetC$15.50 ➝ C$15.00Low
6/29/2022Stifel NicolausInitiated CoverageHoldLow
12/7/2021BMO Capital MarketsInitiated CoverageOutperform$17.00High
(Data available from 9/27/2018 forward)

News Sentiment Rating

0.54 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/1/2023
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/31/2023
  • 0 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/30/2023
  • 6 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/30/2023
  • 3 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
6/29/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/29/2023
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/28/2023
  • 1 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2023

Current Sentiment

  • 1 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Algoma Steel Group logo
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 equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.
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Today's Range

Now: $6.92
Low: $6.76
High: $6.94

50 Day Range

MA: $7.19
Low: $6.71
High: $7.77

52 Week Range

Now: $6.92
Low: $5.64
High: $9.20

Volume

557,803 shs

Average Volume

871,600 shs

Market Capitalization

$716.91 million

P/E Ratio

23.07

Dividend Yield

2.89%

Beta

1.45

Frequently Asked Questions

What sell-side analysts currently cover shares of Algoma Steel Group?

The following Wall Street analysts have issued stock ratings on Algoma Steel Group in the last year: BMO Capital Markets, Stifel Canada, Stifel Nicolaus, and TheStreet.
View the latest analyst ratings for ASTL.

What is the current price target for Algoma Steel Group?

1 Wall Street analysts have set twelve-month price targets for Algoma Steel Group in the last year. Their average twelve-month price target is $17.00, suggesting a possible upside of 147.8%. BMO Capital Markets has the highest price target set, predicting ASTL will reach $17.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $17.00 for Algoma Steel Group in the next year.
View the latest price targets for ASTL.

What is the current consensus analyst rating for Algoma Steel Group?

Algoma Steel Group currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe ASTL will outperform the market and that investors should add to their positions of Algoma Steel Group.
View the latest ratings for ASTL.

What other companies compete with Algoma Steel Group?

Other companies that are similar to Algoma Steel Group include Piedmont Lithium, New Found Gold, Perimeter Solutions, Schnitzer Steel Industries and Westlake Chemical Partners. Learn More about companies similar to Algoma Steel Group.

How do I contact Algoma Steel Group's investor relations team?

Algoma Steel Group's physical mailing address is 777 THIRD AVENUE 37TH FLOOR, NEW YORK NY, 10017. The company's listed phone number is 705-945-2351 and its investor relations email address is [email protected]. The official website for Algoma Steel Group is www.algoma.com. Learn More about contacing Algoma Steel Group investor relations.