Date | Price Target | Rating | Analyst |
---|---|---|---|
1/18/2023 | Hold → Buy | Stifel | |
6/30/2022 | Hold | Stifel | |
12/7/2021 | Outperform | BMO Capital Markets |
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. Cautionary Statement Regarding Forward-Looking Statements This news release contains "forward-looking information" under applicable Canadian securi
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 Warr
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. "This mil
Stifel upgraded Algoma Steel Group from Hold to Buy
Stifel initiated coverage of Algoma Steel Group with a rating of Hold
BMO Capital Markets initiated coverage of Algoma Steel Group with a rating of Outperform
First Quarter Results In-Line with Previously Announced Outlook Completed Plate Mill Upgrade, Ramping Production Towards Expected Annual Run Rate Capacity of Over 650,000 NT Continued to Significantly De-risk Transformative Electric Arc Furnace Project as Construction Continues on Schedule Announces Intention to Relaunch Normal Course Issuer Bid SAULT STE. MARIE, Ontario, Aug. 13, 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 first quarter ended June 30, 2024. Unless otherwise specified, all amounts are in Can
SAULT STE. MARIE, Ontario, Aug. 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, announced today that the Company will release its fiscal 2025 first quarter financial results after the market closes on Tuesday, August 13, 2024. A webcast and conference call will be held on Wednesday, August 14, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session. The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company's website at w
Fourth Quarter Results In-Line with Previously Announced Expectations Plate and Strip Operations Running at Planned Production Levels Reaffirmed Outlook on Transformative Electric Arc Furnace (EAF) Project Provides Outlook for Q1 Fiscal 2025 Further Strengthened Liquidity with US$350 Million Senior Secured Second Lien Note Financing SAULT STE. MARIE, Ontario, June 20, 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 fourth quarter and full year ended March 31, 2024. Unless otherwise specified, all amounts are
6-K - Algoma Steel Group Inc. (0001860805) (Filer)
6-K - Algoma Steel Group Inc. (0001860805) (Filer)
6-K - Algoma Steel Group Inc. (0001860805) (Filer)
SC 13D - Algoma Steel Group Inc. (0001860805) (Subject)
SC 13G - Algoma Steel Group Inc. (0001860805) (Subject)
SC 13G/A - Algoma Steel Group Inc. (0001860805) (Subject)
SAULT STE. MARIE, June 11, 2024 (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 it has appointed Erin Oliver in a newly created role of Vice President - Health and Safety. Erin will report to CEO Mike Garcia and sit on the Company's senior leadership team. Originally from Sault Ste. Marie, Erin is a seasoned Health and Safety professional with over 25 years of experience and a proven track record in enhancing safety culture across sectors including construction, health care, forestry and manufacturing. During her tenure at a Canada-wide mechanical and e
SAULT STE. MARIE, Ontario, Nov. 23, 2023 (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 its Vice President - Sales, Rory Brandow, has indicated his pending retirement effective December 1st, 2023. The Company has identified Chris Ford, Algoma's current Director - US Sales and Customer Service, to succeed Rory as Vice President - Commercial. Michael Garcia, the Company's Chief Executive Officer, remarked, "Over an extensive career with Algoma, Rory has personified our core values of safety, teamwork, integrity and caring. He has been a strong
SAULT STE. MARIE, Ontario, Sept. 26, 2023 (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 26, 2023 (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. The Company received proxies and virtual votes at the Meeting as set out below: NomineeVotes ForVotes WithheldTotal VotesMary Anne Bueschkens55,557,5361,702,80257,260,338Michael Garcia55,925,2951,335
Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener
Algoma Steel Gr (NASDAQ:ASTL) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $(0.01) by 800 percent. This is a 149.65 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $460.44 million which missed the analyst consensus estimate of $575.00 million by 19.92 percent. This is a 8.11 percent decrease over sales of $501.08 million the same period last year.