Algoma Steel Group Inc. (TSE:ASTL - Get Free Report) Director Eric Stuart Rosenfeld purchased 1,926 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was acquired at an average price of C$8.43 per share, with a total value of C$16,236.18.
Algoma Steel Group Trading Up 1.1 %
Shares of TSE:ASTL opened at C$11.55 on Friday. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 18.05 and a beta of 1.52. Algoma Steel Group Inc. has a 1-year low of C$8.64 and a 1-year high of C$13.54. The company has a debt-to-equity ratio of 10.83, a quick ratio of 1.51 and a current ratio of 2.88. The company has a 50 day moving average price of C$11.08 and a 200 day moving average price of C$10.82.
Algoma Steel Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 29th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, February 28th. Algoma Steel Group's payout ratio is 42.19%.
Analysts Set New Price Targets
ASTL has been the topic of a number of research reports. BMO Capital Markets cut their price objective on Algoma Steel Group from C$16.00 to C$15.00 and set an "outperform" rating on the stock in a report on Wednesday, January 24th. Cormark decreased their price objective on shares of Algoma Steel Group from C$17.50 to C$17.00 in a research report on Tuesday. Beacon Securities cut shares of Algoma Steel Group from a "buy" rating to a "hold" rating and increased their price target for the stock from C$11.00 to C$14.00 in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus increased their price target on shares of Algoma Steel Group from C$15.25 to C$16.00 in a research report on Wednesday, March 13th.
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Read Our Latest Analysis on Algoma Steel Group
Algoma Steel Group Company Profile
(
Get Free Report)
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.
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