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Algoma Steel Group - ASTL Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$15.25
  • Forecasted Upside: 40.55%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$10.85 As of 05/17/2024 01:00 AM ET
▲ +0.32 (3.04%)

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 C$15.25
▲ +40.55% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Algoma Steel Group in the last 3 months. The average price target is C$15.25, with a high forecast of C$17.00 and a low forecast of C$14.00. The average price target represents a 40.55% upside from the last price of C$10.85.

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 Moderate Buy

The current consensus among 3 investment analysts is to moderate buy stock in Algoma Steel Group. This Moderate 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
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/26/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/25/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/23/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/21/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/19/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/19/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/19/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/9/2024Stifel NicolausLower TargetC$16.00 ➝ C$15.00
3/26/2024CormarkLower TargetC$17.50 ➝ C$17.00
3/13/2024Stifel NicolausBoost TargetC$15.25 ➝ C$16.00
2/8/2024CormarkLower TargetC$18.25 ➝ C$17.50
2/6/2024Stifel NicolausLower TargetBuyC$18.00 ➝ C$17.50
1/24/2024Stifel NicolausLower TargetBuyC$19.00 ➝ C$18.00
1/24/2024BMO Capital MarketsLower TargetOutperformC$16.00 ➝ C$15.00
1/2/2024Beacon SecuritiesDowngradeBuy ➝ HoldC$11.00 ➝ C$14.00
12/21/2023Stifel NicolausBoost TargetBuyC$15.00 ➝ C$19.00
12/13/2023BMO Capital MarketsBoost TargetC$14.00 ➝ C$16.00
11/6/2023Stifel NicolausBoost TargetC$14.00 ➝ C$15.00
9/18/2023Stifel NicolausBoost TargetBuyC$13.00 ➝ C$14.00
8/14/2023CormarkBoost TargetC$11.75 ➝ C$12.50
8/14/2023Stifel NicolausLower TargetC$14.25 ➝ C$13.00
6/23/2023CormarkLower TargetC$16.00 ➝ C$11.75
6/23/2023Stifel NicolausLower TargetC$16.00 ➝ C$14.25
6/23/2023BMO Capital MarketsLower TargetC$15.00 ➝ C$14.00
4/10/2023Stifel NicolausLower TargetC$17.50 ➝ C$16.00
3/3/2023Stifel NicolausBoost TargetC$15.00 ➝ C$17.50
2/15/2023CormarkBoost TargetC$14.00 ➝ C$15.50
2/15/2023BMO Capital MarketsBoost TargetC$11.00 ➝ C$15.00
2/15/2023Eight CapitalDowngradeBuy ➝ NeutralC$10.35 ➝ C$11.00
1/18/2023Eight CapitalLower TargetC$14.00 ➝ C$10.35
1/18/2023Stifel NicolausUpgradeHold ➝ BuyC$10.75 ➝ C$15.00
1/10/2023BMO Capital MarketsLower TargetC$14.00 ➝ C$11.00
11/21/2022Stifel NicolausBoost TargetC$10.25 ➝ C$10.75
11/9/2022Stifel NicolausLower TargetC$10.75 ➝ C$10.25
11/9/2022Eight CapitalLower TargetC$15.75 ➝ C$14.00
10/20/2022Stifel NicolausLower TargetC$11.25 ➝ C$10.75
9/29/2022Eight CapitalLower TargetC$19.00 ➝ C$15.75
9/28/2022BMO Capital MarketsLower TargetC$16.00 ➝ C$14.00
9/28/2022Stifel NicolausLower TargetC$14.00 ➝ C$11.25
9/28/2022CormarkLower TargetC$19.00 ➝ C$16.50
9/21/2022Stifel NicolausLower TargetC$14.50 ➝ C$14.00
8/6/2022Stifel NicolausLower TargetC$16.00 ➝ C$14.50
8/5/2022CormarkLower TargetC$19.00
7/31/2022Stifel NicolausBoost TargetC$15.00 ➝ C$16.00
7/25/2022Stifel NicolausLower TargetC$15.50 ➝ C$15.00
6/29/2022Stifel NicolausInitiated CoverageHoldC$15.50
5/19/2022BMO Capital MarketsLower TargetC$23.00 ➝ C$18.00
1/26/2022CormarkReiterated RatingBuyC$17.50
1/20/2022Eight CapitalReiterated RatingBuyC$19.00
12/7/2021BMO Capital MarketsInitiated CoverageOutperformC$17.00
(Data available from 5/19/2019 forward)

News Sentiment Rating

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
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/20/2024
  • 0 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/19/2024
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/20/2024
  • 2 very positive mentions
  • 0 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/19/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/19/2024

Current Sentiment

  • 0 very positive mentions
  • 0 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

  • No positive mentions tracked during this time.

Very Positive

  • No very positive mentions tracked during this time.
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.
Read More

Today's Range

Now: C$10.85
Low: C$10.57
High: C$10.85

50 Day Range

MA: C$10.86
Low: C$10.29
High: C$11.72

52 Week Range

Now: C$10.85
Low: C$8.64
High: C$13.54

Volume

43,690 shs

Average Volume

50,473 shs

Market Capitalization

C$1.13 billion

P/E Ratio

16.95

Dividend Yield

2.58%

Beta

1.54

Frequently Asked Questions

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

The following Wall Street sell-side analysts have issued reports on Algoma Steel Group in the last year: Beacon Securities, BMO Capital Markets, Cormark, and Stifel Nicolaus.
View the latest analyst ratings for ASTL.

What is the current price target for Algoma Steel Group?

4 Wall Street analysts have set twelve-month price targets for Algoma Steel Group in the last year. Their average twelve-month price target is C$15.25, suggesting a possible upside of 40.6%. Cormark has the highest price target set, predicting ASTL will reach C$17.00 in the next twelve months. Beacon Securities has the lowest price target set, forecasting a price of C$14.00 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 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for ASTL.

What other companies compete with Algoma Steel Group?

Other companies that are similar to Algoma Steel Group include Labrador Iron Ore Royalty, Stelco, Champion Iron, Endeavour Silver and Osisko Mining. 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 105 West St, Sault Ste Marie, Ontario P6A 7B4. The company's listed phone number is 17059452201. The official website for Algoma Steel Group is www.algoma.com. Learn More about contacing Algoma Steel Group investor relations.