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

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Algoma Steel Group Inc (ASTL.TO)

5.68

-0.25 (4.22%)

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

89 watching

Investor Insights

Jun 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) has garnered mixed reviews from experts, reflecting a challenging situation for the company. There is acknowledgment of the broader steel sector's potential, especially with the ETF making an all-time high. However, ASTL's individual performance raises concerns, as it is currently burning cash and navigating a tough business outlook. Factors such as the upcoming USMCA renewal and associated tariff discussions add an element of speculation to the investment outlook, making it a choice that lacks dividends and sleep-at-night assurances. Overall, while the steel sector appears interesting, ASTL may not be the top pick, suggesting that investors should proceed with caution and weigh the company's performance against the sector.

Consensus

Caution

Valuation

Undervalued

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HOLD

This monstrous steel market is going to continue.

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HOLD

Major steel shortage problems around the world have pushed up the steel stocks. This stock is in a spike uptrend and is dangerous to buy at this time. If you own, use a stop/loss.

BUY

Steel is cyclical. Has been a very consistant mover. Pricing of steel has stayed strong and capacity is tight. Relatively cheap compared to some of its competitors.

PAST TOP PICK

(A Top Pick Aug 6/04. Up 92%.) Took some profit.

DON'T BUY

Avoid. The business seems to continually go back into bankruptcy.

WEAK BUY

Low price/earnings ratio. A high cost producer, so in a high steel cycle it will make lots of money, but when the price of steel drops, it has losses. OK for short term.

DON'T BUY

Steel prices have been stronger much longer than he expected. Feels its at a peak now.

HOLD

Report of another stunningly good quarter is due Nov 2. Building up cash at a rapid rate. Will possibly pay out a special dividend. May want to take some cash off the table.

BUY

Trading around 3/4 X earnings. Highly levered to the price of steel. Has had a tremendous run. Prefers a larger cap stock such as Ipsco which also has the prospects of the large diameter pipe. As long as steel prices stay up, it is very attractive.

SELL

The amazing bull steel market may run out of steam. Be cautious. May want to sell profit.

WEAK BUY

Should do OK. Prefers Dofasco. Don't put a lot of money into it.

DON'T BUY

Company has had phenomenal earnings. Steel prices have been at record levels. All the easy money has been made.

TOP PICK

New management. Lagging other steel companies. Reported record numbers. Net debt free. They are going to cash flow over $10 a share.

WEAK BUY

Is still sector has been one of the strongest sectors. Would prefer Dofasco and Ipsco. Doesn't feel steel prices are sustainable but the pressure could continue for a while.

BUY

Likes the steel industry but this stock is not very actively traded. Easier for the individual investor to own.

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Most Recent Experts

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Paul Harris, CFA

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Algoma Steel Group Inc (ASTL.TO)