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Algoma Steel (ASTL) Stock

Profile

Full Name:

Algoma Steel Group Inc.

Industry:

Steel & Iron

Country:

Canada

IPO:

04 March 2021

Indexes:

Not included

Description:

Algoma Steel is a Canadian company that produces steel products for various industries, including construction and automotive. They focus on high-quality steel production and sustainability, using advanced technology to meet customer needs while minimizing environmental impact. Algoma Steel plays a vital role in the North American steel market.

Key Details

Price

$7.89

TTM Dividend Yield

2.53%(+5.42% YoY)

Annual Revenue

$2.07 B(-1.40% YoY)

Annual EPS

$0.52(-59.89% YoY)

Beta

0.80

Events Calendar

Earnings

Next earnings date:

Feb 06, 2025

Recent quarterly earnings:

Nov 06, 2024

Recent annual earnings:

June 20, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 27, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

No data about analysts updates

Market Data

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Institutional Ownership

Algoma Steel Provides Guidance for the Quarter Ended December 31, 2024
Algoma Steel Provides Guidance for the Quarter Ended December 31, 2024
Algoma Steel Provides Guidance for the Quarter Ended December 31, 2024
ASTL
globenewswire.com02 January 2025

SAULT STE. MARIE, Ontario, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its quarter ended December 31, 2024. Unless otherwise specified, all amounts are in Canadian dollars.

Algoma Steel Group to Participate in the Inaugural B. Riley Securities Energy Convergence Conference
Algoma Steel Group to Participate in the Inaugural B. Riley Securities Energy Convergence Conference
Algoma Steel Group to Participate in the Inaugural B. Riley Securities Energy Convergence Conference
ASTL
globenewswire.com03 December 2024

SAULT STE. MARIE, Ontario, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will be participating in the B. Riley Securities Energy Convergence Conference on Wednesday, December 4, 2024, at the Hotel Eventi in New York. Prior to Algoma's attendance at this conference, the Company will post a copy of the presentation it will use in the Investors section of its website on ir.algoma.com.

Algoma Steel Group Inc. (ASTL) Q2 2025 Earnings Call Transcript
Algoma Steel Group Inc. (ASTL) Q2 2025 Earnings Call Transcript
Algoma Steel Group Inc. (ASTL) Q2 2025 Earnings Call Transcript
ASTL
seekingalpha.com09 November 2024

Algoma Steel Group Inc. (NASDAQ:ASTL ) Q2 2025 Results Conference Call November 7, 2024 11:00 AM ET Company Participants Mike Moraca - Vice President, Corporate Development and Treasurer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets David Ocampo - Cormark Securities Ian Gillies - Stifel Operator Greetings, and welcome to the Algoma Steel Group Inc. Second Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode.

Algoma Steel Group Reports Fiscal Second Quarter 2025 Financial Results
Algoma Steel Group Reports Fiscal Second Quarter 2025 Financial Results
Algoma Steel Group Reports Fiscal Second Quarter 2025 Financial Results
ASTL
globenewswire.com06 November 2024

Second Quarter Results In-Line with Previously Announced Expectations Transformative Electric Arc Furnace (EAF) Commissioning Activities Expected to Start on Schedule During the Fourth Quarter of Calendar 2024; Substantially all of Expected Project Budget Now Fully Contracted Change in Fiscal Year end from March 31 to December 31, beginning December 31, 2024 SAULT STE. MARIE, Ontario, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal second quarter ended September 30, 2024.

Algoma Steel to Announce Fiscal 2025 Second Quarter Results November 6, 2024
Algoma Steel to Announce Fiscal 2025 Second Quarter Results November 6, 2024
Algoma Steel to Announce Fiscal 2025 Second Quarter Results November 6, 2024
ASTL
globenewswire.com29 October 2024

SAULT STE. MARIE, Ontario, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2025 second quarter financial results after the market closes on Wednesday, November 6, 2024. A webcast and conference call will be held on Thursday, November 7, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.

Algoma Steel Provides Fiscal Second Quarter 2025 Guidance
Algoma Steel Provides Fiscal Second Quarter 2025 Guidance
Algoma Steel Provides Fiscal Second Quarter 2025 Guidance
ASTL
globenewswire.com26 September 2024

SAULT STE. MARIE, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal second quarter ending September 30, 2024. Unless otherwise specified, all amounts are in Canadian dollars.

Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders
Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders
Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders
ASTL
globenewswire.com24 September 2024

SAULT STE. MARIE, Ontario, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today the results of voting at its virtual annual meeting of shareholders held on September 24, 2024 (the “Meeting”).

Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference
Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference
Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference
ASTL
globenewswire.com03 September 2024

SAULT STE. MARIE, Ontario, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will be participating in the Jefferies 2024 Industrials Conference on Wednesday, September 4 and Thursday, September 5, 2024. Prior to Algoma's attendance at this conference, the Company will post a copy of the presentation it will use in the Investors section of its website on ir.algoma.com.

Algoma Steel Group Announces Renewal of Normal Course Issuer Bid
Algoma Steel Group Announces Renewal of Normal Course Issuer Bid
Algoma Steel Group Announces Renewal of Normal Course Issuer Bid
ASTL
globenewswire.com29 August 2024

SAULT STE. MARIE, Ontario, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company's intention to renew its normal course issuer bid (“NCIB”) for a portion of its common shares (“Shares”) and a portion of its warrants (“Warrants”) to purchase shares as appropriate opportunities arise from time to time. The Company believes that the market price of the Shares and Warrants may not, from time to time, fully reflect their value and accordingly the purchase of Shares and Warrants would be in the best interests of the Company and an attractive use of available funds."

Algoma Steel Applauds Approval of New 230kV Transmission Line in Sault Ste. Marie, Supporting Regional Growth and Green Steel Transition
Algoma Steel Applauds Approval of New 230kV Transmission Line in Sault Ste. Marie, Supporting Regional Growth and Green Steel Transition
Algoma Steel Applauds Approval of New 230kV Transmission Line in Sault Ste. Marie, Supporting Regional Growth and Green Steel Transition
ASTL
globenewswire.com28 August 2024

SAULT STE. MARIE, Ontario, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today congratulates PUC (Transmission) LP (“PUC Transmission”) and Hydro One Sault Ste. Marie LP (“Hydro One”) on each obtaining authorization pursuant to the Ontario Energy Board Act to construct a new 230kV transmission line and related transformation components in Sault Ste. Marie. The combined local transmission project improves the city's access to Hydro One's planned regional grid infrastructure upgrade as previously prioritized by the Province of Ontario.

FAQ

  • What is the primary business of Algoma Steel?
  • What is the ticker symbol for Algoma Steel?
  • Does Algoma Steel pay dividends?
  • What sector is Algoma Steel in?
  • What industry is Algoma Steel in?
  • What country is Algoma Steel based in?
  • When did Algoma Steel go public?
  • Is Algoma Steel in the S&P 500?
  • Is Algoma Steel in the NASDAQ 100?
  • Is Algoma Steel in the Dow Jones?
  • When was Algoma Steel's last earnings report?
  • When does Algoma Steel report earnings?

What is the primary business of Algoma Steel?

Algoma Steel is a Canadian company that produces steel products for various industries, including construction and automotive. They focus on high-quality steel production and sustainability, using advanced technology to meet customer needs while minimizing environmental impact. Algoma Steel plays a vital role in the North American steel market.

What is the ticker symbol for Algoma Steel?

The ticker symbol for Algoma Steel is NASDAQ:ASTL

Does Algoma Steel pay dividends?

Yes, Algoma Steel pays dividends. The last payment was $0.05, with an ex-dividend date on 27 November 2024

What sector is Algoma Steel in?

Algoma Steel is in the Basic Materials sector

What industry is Algoma Steel in?

Algoma Steel is in the Steel & Iron industry

What country is Algoma Steel based in?

Algoma Steel is headquartered in Canada

When did Algoma Steel go public?

Algoma Steel's initial public offering (IPO) was on 04 March 2021

Is Algoma Steel in the S&P 500?

No, Algoma Steel is not included in the S&P 500 index

Is Algoma Steel in the NASDAQ 100?

No, Algoma Steel is not included in the NASDAQ 100 index

Is Algoma Steel in the Dow Jones?

No, Algoma Steel is not included in the Dow Jones index

When was Algoma Steel's last earnings report?

Algoma Steel's most recent earnings report was on 6 November 2024

When does Algoma Steel report earnings?

The next expected earnings date for Algoma Steel is 6 February 2025