Algoma Steel Group Inc. (ASTL) News
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ASTL News Highlights
- For ASTL, its 30 day story count is now at 2.
- Over the past 2 days, the trend for ASTL's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- The most mentioned tickers in articles about ASTL are ARC, NOV and STE.
Latest ASTL News From Around the Web
Below are the latest news stories about ALGOMA STEEL GROUP INC that investors may wish to consider to help them evaluate ASTL as an investment opportunity.
BMO Capital Sticks to Its Buy Rating for Algoma Steel Group (ASTL)E ratio of 1.61. |
Algoma Steel Group Reports Fiscal 2023 Second Quarter ResultsResults In Line with Previously Announced Expectations Completed Labour Negotiations and Advanced Plate Mill Modernization Commissioning Electric Arc Furnace Construction Advancing as Planned Repurchased US$400 Million, or ~28% of Shares SAULT STE. MARIE, Ontario, Nov. 07, 2022 (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 |
Is it Still Safe to Own Algoma Steel Group (ASTL) Shares?Nordstern Capital, an investment management firm, published its third-quarter 2022 investor letter – a copy of which can be downloaded here. In its 2022 first-quarter letter, the fund emphasized that the third quarter was disappointing for the fund. The fund’s underperformance has three main reasons, but it is convinced that these same three themes that […] |
Algoma Steel to Announce Fiscal 2023 Second Quarter Results November 7, 2022SAULT STE. MARIE, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that Algoma will release its fiscal 2023 second quarter financial results after the market closes on Monday, November 7, 2022. A webcast and conference call will be held on Tuesday, November 8, 2022 at 11:00 a.m. Eastern Time to review Algoma’s results, discuss recent events, a |
Algoma Steel Partners with Sault College on Site-Greening InitiativeSAULT STE. MARIE, Ontario, Oct. 12, 2022 (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, and Sault College (“the College”) announced today that their collaboration on Algoma’s site-greening initiative has taken root with a team of Sault College Forest Technician – Conservation Program students attending on site to plant upwards of 2,000 seedlings that they grew th |
BMO Capital Reaffirms Their Buy Rating on Algoma Steel Group (ASTL)BMO Capital analyst David Gagliano maintained a Buy rating on Algoma Steel Group (ASTL - Research Report) today and set a price target of C$14.00. The company's shares opened today at $6.51.According to TipRanks, Gagliano is a 4-star analyst with an average return of 4.5% and a 44.97% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as United States Steel, Nucor, and Steel Dynamics.Currently, the analyst consensus on Algoma Steel Group is a Moderate Buy with an average price target of $9.17.See Insiders’ Hot Stocks on TipRanks >> The company has a one-year high of $13.43 and a one-year low of $7.26. |
Algoma Steel Provides Fiscal Second Quarter 2023 GuidanceSAULT STE. MARIE, Ontario, Sept. 27, 2022 (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 2023. Fiscal second quarter 2023 Adjusted EBITDA is expected to be in a range of $75 million to $80 million. Michael Garcia, the Company’s Chief Executive Officer, commented, “Our projected fiscal second-quarter results la |
Algoma Steel Announces Results of Voting at Annual Meeting of ShareholdersSAULT STE. MARIE, Ontario, Sept. 20, 2022 (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 20, 2022 (the “Meeting”). All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company. |
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index and S&P/TSX 60 IndexAs a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, September 19, 2022: |
Algoma Steel Confirms USW Local 2251 Agreement RatifiedSAULT STE. MARIE, Ontario, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma’ or “the Company”) reports it has been notified by United Steelworkers (“USW”) Local 2251, the union representing Algoma’s hourly employees, that their members have successfully ratified the terms of the new 5-year collective agreement. This agreement follows the agreement with the United Steelworkers Local 2724, the union representing its technical, professional, and front-lin |