Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) announced a quarterly dividend on Tuesday, July 2nd, TickerTech reports. Shareholders of record on Friday, July 19th will be given 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 %
TSE:ASTL opened at C$9.49 on Friday. The company has a market cap of C$987.34 million, a P/E ratio of 14.83 and a beta of 1.54. The stock’s fifty day moving average price is C$10.41 and its two-hundred day moving average price is C$11.16. Algoma Steel Group has a 1 year low of C$8.71 and a 1 year high of C$13.54. The company has a debt-to-equity ratio of 10.83, a current ratio of 2.88 and a quick ratio of 1.51.
Analysts Set New Price Targets
Several research firms have issued reports on ASTL. BMO Capital Markets dropped 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. 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. Finally, Cormark dropped their target price on Algoma Steel Group from C$17.00 to C$14.50 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.
Further Reading
- Five stocks we like better than Algoma Steel Group
- Investing in Construction Stocks
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- What Are Dividend Challengers?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Using the MarketBeat Dividend Tax Calculator
- 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.
