Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) declared a quarterly dividend on Tuesday, July 2nd, TickerTech reports. Investors of record on Friday, July 19th will be paid a dividend of 0.05 per share on Friday, July 19th. This represents a $0.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, July 2nd.
Algoma Steel Group Trading Down 0.5 %
Shares of ASTL opened at C$9.49 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.51 and a debt-to-equity ratio of 10.83. The firm has a market capitalization of C$987.34 million, a P/E ratio of 14.83 and a beta of 1.54. The stock’s fifty day simple moving average is C$10.41 and its 200 day simple moving average is C$11.16. Algoma Steel Group has a twelve month low of C$8.71 and a twelve month high of C$13.54.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ASTL. Stifel Nicolaus increased their target price on Algoma Steel Group from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Cormark cut their target price on Algoma Steel Group from C$17.00 to C$14.50 in a research report on Monday, June 24th. Finally, BMO Capital Markets cut their target price on Algoma Steel Group from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th.
Algoma Steel Group Company Profile
Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
See Also
- Five stocks we like better than Algoma Steel Group
- Stock Average Calculator
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- Dividend Payout Ratio Calculator
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What is a Bond Market Holiday? How to Invest and Trade
- MarketBeat Week in Review – 6/24 – 6/28
Receive News & Ratings for Algoma Steel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Steel Group and related companies with MarketBeat.com's FREE daily email newsletter.
