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

Similar

Nucor, NUE

STRONG BUY

Q: "Should I switch from Inco to Algoma?" A: "Likes both stocks." Likes the metals at this time. This one could have been a "Top Pick".

BUY

Expect they will have the next 3/4 quarters with exceptionally good earnings. Beyond that, there is some risk.

WEAK BUY

At the moment, the price of steel is short so profits are very good. Long-term, they will have a difficult time.

TOP PICK

With the demand of steel in China, there is no flooding of the market in North America. The market has not grasped this yet. Feels that steel prices will stay strong. Second-quarter will be spectacular and would sell it at that time.

WEAK BUY

Should continue to ride with steel stocks

BUY

Likes this story. A cash machine at current steel prices. At current spot steel prices, they will earn almost $4 and cash flow $6. Will be net debt free by year end.

PAST TOP PICK

(A top pick Apr 1/04. Down 7%.) Still likes. Doing all the right things. Will be net debt free by the end of the year. A cash flow machine right now.

DON'T BUY

Has had its share of troubles over the years. Outlook is rather mixed. Would prefer Dofasco.

TOP PICK

Just reported record earnings of $1.18 and record cash flows of $1.79 and stated that the second quarter will be higher. Doesn't see any big decline in steel prices.

BUY

In a great space. Has to break out at the $9.50 level. Is going to do an equity issue, which is smart. Book value is around $16.

DON'T BUY

Prefers Dofasco. You have to go for the high quality company in this industry. Fully priced and more speculative than Dofasco.

DON'T BUY

High-risk situation. In terms of steel producers. Highly speculative. Prefers others.

TOP PICK

Steel stocks have not fully reflected at all what is happening in steels. Turnaround story.

DON'T BUY

Would prefer others, especially Dofasco.

BUY

The most leveraged way to play steel in Canada. If your a speculator, its a good choice.

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Algoma Steel Group Inc (ASTL.TO)