Home Daily Stock Opinions and Ratings Algoma Steel Group Inc (ASTL-T)

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Algoma Steel Group Inc (ASTL-T)

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TSE:ASTL

10.58
0.25 (2.42%) 1d
Jan 27, 2023, 9:00 pm
0
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This is a Panic-proof Portfolio opinion which is available only for Premium members

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

TOP PICK

Algoma Steel Group Inc(ASTL-T)

17/01/2023
Algoma Steel Group Inc
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)
steel
The Panic-Proof Portfolio (Stockchase Research)
$8.700
Unknown
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premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

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

TOP PICK

Algoma Steel Group Inc(ASTL-T)

22/11/2022
Algoma Steel Group Inc
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)
steel
The Panic-Proof Portfolio (Stockchase Research)
$9.020
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premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

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

TOP PICK

Algoma Steel Group Inc(ASTL-T)

04/10/2022
Algoma Steel Group Inc
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)
steel
The Panic-Proof Portfolio (Stockchase Research)
$9.390
Unknown
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PAST TOP PICK

Algoma Steel Group Inc(ASTL-T)

01/09/2022
Algoma Steel Group Inc
(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.
steel
Jason Mann
$11.470
Owned
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Unspecified

Algoma Steel Group Inc(ASTL-T)

04/07/2022
Algoma Steel Group Inc
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.
steel
Bruce Campbell (2)
$11.650
Unknown
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HOLD

Algoma Steel Group Inc(ASTL-T)

17/03/2022
Algoma Steel Group Inc

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.

steel
Brian Acker, CA
$13.840
No
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BUY

Algoma Steel Group Inc(ASTL-T)

01/11/2021
Algoma Steel Group Inc
The fundamentals speak for themselves. He likes trading the stock on both sides of the border. Steel should have continued strong demand going forward.
steel
Andrew Pyle
$0.000
No
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BUY

Algoma Steel Group Inc(ASTL-T)

26/10/2021
Algoma Steel Group Inc
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.
steel
Colin Stewart
$0.000
Owned
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BUY

Algoma Steel Group Inc(ASTL-T)

07/02/2007
Algoma Steel Group Inc
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.
steel
Chris Smith
$37.700
No
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WEAK BUY

Algoma Steel Group Inc(ASTL-T)

21/12/2006
Algoma Steel Group Inc
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.
steel
Bruce Campbell (1)
$31.760
No
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BUY

Algoma Steel Group Inc(ASTL-T)

28/11/2006
Algoma Steel Group Inc
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.
steel
Gordon Higgins, CA, MBA
$34.060
Unknown
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PAST TOP PICK

Algoma Steel Group Inc(ASTL-T)

21/09/2006
Algoma Steel Group Inc
(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.
steel
Michael Smedley
$33.150
Owned
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WAIT

Algoma Steel Group Inc(ASTL-T)

06/09/2006
Algoma Steel Group Inc
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.
steel
Gavin Graham
$37.500
Owned
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HOLD

Algoma Steel Group Inc(ASTL-T)

31/08/2006
Algoma Steel Group Inc
They have a lot of cash and there is speculation that they will have a very big distribution. Earnings are lower this year than they where last year. Would prefer it in the lower $30’s.
steel
Chyanne Fickes
$36.850
Unknown
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SELL

Algoma Steel Group Inc(ASTL-T)

28/08/2006
Algoma Steel Group Inc
Steel pricing continues to remain strong which indicates that either 1) things are going to continue to be good or 2) the market is saying things are going to start slowing down and steel will catch up on the downside. He would take some profits as it is probably up on speculation.
steel
Chris Smith
$36.200
No
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Showing 1 to 15 of 104 entries
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Algoma Steel Group Inc(ASTL-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Algoma Steel Group Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Algoma Steel Group Inc(ASTL-T) Frequently Asked Questions

What is Algoma Steel Group Inc stock symbol?

Algoma Steel Group Inc is a Canadian stock, trading under the symbol ASTL-T on the Toronto Stock Exchange (ASTL-CT). It is usually referred to as TSX:ASTL or ASTL-T

Is Algoma Steel Group Inc a buy or a sell?

In the last year, 2 stock analysts published opinions about ASTL-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Algoma Steel Group Inc.

Is Algoma Steel Group Inc a good investment or a top pick?

Algoma Steel Group Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Algoma Steel Group Inc.

Why is Algoma Steel Group Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Algoma Steel Group Inc worth watching?

2 stock analysts on Stockchase covered Algoma Steel Group Inc In the last year. It is a trending stock that is worth watching.

What is Algoma Steel Group Inc stock price?

On 2023-01-27, Algoma Steel Group Inc (ASTL-T) stock closed at a price of $10.58.

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