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

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Algoma Steel Group Inc (ASTL.TO)

7.64

-0.06 (0.78%)

as of Jun 4, 2026, 8:00:01 pm Market Open.

87 watching

Investor Insights

Jun 4, 2026, 12:00 am

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

Algoma Steel Group Inc. (ASTL) is viewed as a speculative investment with mixed opinions from experts. Some highlight improvements within the sector, noting that the ETF for steel has reached an all-time high, although ASTL itself has faced challenges such as cash burn and a dismal current business outlook. The impending renewal of the USMCA adds to the uncertainty surrounding the stock, dependent on tariffs and industry dynamics. While the steel sector appears intriguing to some analysts, there are reservations about ASTL's recent performance. Ultimately, this juxtaposition of potential upsides against considerable risks leaves stakeholders in a tough position when evaluating the stock's future prospects.

Consensus

Mixed

Valuation

Undervalued

Similar

Cleveland-Cliffs, CLF

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.

Showing 76 to 90 of 121 entries

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Algoma Steel Group Inc (ASTL.TO)