Algoma Steel Group Inc (ASTL.TO) Buy, Sell or…

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Algoma Steel Group Inc (ASTL.TO)

5.55

-0.85 (13.28%)

as of Aug 24, 2026, 8:00:01 pm Market Open.

88 watching

Investor Insights

Aug 24, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Algoma Steel Group Inc (ASTL) presents a complex investment case, with opinions varying among experts. Some highlight that the company's situation is turning around but caution about its cash burn. The upcoming renewal of the USMCA adds a speculative layer to the investment, particularly regarding potential tariff adjustments that may impact the steel sector. While the overall steel sector is gaining attention, represented by its ETF SLX reaching new highs, ASTL is not seen as the top pick among competitors. The current business outlook for Algoma Steel is described as grim, yet some analysts are tempted by the potential for recovery during such challenging times. Consequently, investors need to weigh the risks against possible rewards in this unpredictable landscape.

Consensus

Cautious

Valuation

Undervalued

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Feb 09/23, Up 12.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ASTL is progressing well. We recommend trailing up the stop at this time to $9.50.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly

We again reiterate this Canadian based steel producer as a TOP PICK. Trading at under book value and supporting a 66% ROE it remains good value. The company is growing cash reserves while it aggressively retires debt. Its dividend is backed by a payout ratio under 10% of cash flow. We recommend trailing up the stop-loss (from $7.50) to $8.50, looking to achieve $13.25 -- upside potential over 21%. Yield 2.4%.

(Analysts’ price target is $13.21)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We again reiterate this low cost producer of supplier of rolled steel to Canada and US Midwest as a TOP PICK. Recent corporate guidance disappointed the market as mill modernization did not go as per plan. However, they expect 2023 shipments to return to normal projections going forward. We like that they are back to building cash reserves, despite retiring debt. It continues to trade below book value. We continue to recommend keeping the stop loss at $7.50, looking to achieve $13.00 -- upside potential over 50%. Yield 3.0% (Analysts’ price target is $13.06)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We reiterate this low cost producer of supplier of rolled steel to Canada and US Midwest as a TOP PICK. Although recession fears are slowing demand for their product (resulting in steel prices plunging from $2000 US per ton to under $750), the fact remains the world is short raw materials. The company has bought back over a third of its shares and holds over $500 million in cash reserve according to one hedge fund holder and it trades below book value. We recommend keeping the stop loss at $7.50, looking to achieve $14.00 -- upside potential over 50%. Yield 3.0% (Analysts’ price target is $13.81)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly This low cost producer of supplier of rolled steel is a key supplier of steel to Canada and US Midwest. It recently reached an agreement with union workers for the next five years and expects capacity to be ramping back up shortly after a few operational shortfalls. It trades under book value and manages a ROE over 75%. We like how it has increased cash reserves, while retiring debt. We recommend setting a stop loss at $7.50, looking to achieve $14.50 -- upside potential over 52%. Yield 2.2% (Analysts’ price target is $14.38)

PAST TOP PICK

(A Top Pick Sep 07/21, Down 23%) Merger with Legato. Steel prices have come off, so this one has languished. Incredibly cheap. Less than 3x forward earnings. 97% ROE. High quality balance sheet and business. Don't sell here, as price has more than discounted a recession.

Unspecified

With a one to two year time horizon it looks very attractive. It restructured and recently went public via SPAC which probably hurt the stock price. It is building an electric furnace which will boost output and be more efficient. It is trading at 1X which should be higher with a better economy in two years.

HOLD

Loves steel and the whole space. He owns US Steel. Looks like NUE and X are poised to make a positive transit, and to go another zone higher. Once they do that, he'd be a seller. He suspects ASTL will do the same.

BUY

The fundamentals speak for themselves. He likes trading the stock on both sides of the border. Steel should have continued strong demand going forward.

BUY

It's up 40% since its SPAC Legato, but it's still cheap like all steel companies, given strong steel demand and limited steel capacity. With a focus on environmentalism, they've cleaned up their balance sheet from years ago and it's much cleaner now. The outlook is quite good and stock prices are cheap.

BUY

There's a fair amount of speculation that the Canadian steels are all takeover targets. Starting to warm up to the steels. Have been impressed with how well they have managed inventories.

WEAK BUY

Sold his holdings in the $30’s. Quite a flat chart over time. Steel industry is cyclical. This company has gone bankrupt twice at the bottom of the previous 2 steel cycles, but has new management, new balance sheet and excess cash. Outlook is a little tepid than it was.

BUY

Has been a stellar performer. Bought back a lot of their shares. Steel prices look pretty solid at the moment. A cyclical company. Solid balance sheet. Will be starting to produce their own energy. Reasonable value.

PAST TOP PICK

(A Top Pick Aug 11/05. Up 15.7%.) Brilliantly run. Great cash churning company. Wouldn't buy during this market correction, but once it over there is probably $4/5 upside.

WAIT

Buying back $200 million of its stock via a Dutch auction. Great under valued asset play. Have their cost structure under control. Paying down their debt and returning cash to shareholders. Wait for the auction to finish when there may be a bit of a dip.

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Algoma Steel Group Inc (ASTL.TO)

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