BMO Capital Markets initiated coverage of Algoma Steel Group with a rating of Outperform
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| 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, Oct. 20, 2025 (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 2025 third quarter financial results after the market closes on Wednesday, October 29, 2025. A webcast and conference call will be held on Thursday, October 30, 2025 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 www.i
SAULT STE. MARIE, Ontario, Oct. 01, 2025 (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 quarter ended September 30, 2025. Unless otherwise specified, all amounts are in Canadian dollars. Total steel shipments for the quarter are expected to be approximately 415,000 – 420,000 net tons and Adjusted EBITDA is expected to be negative $80 million – negative $90 million. Michael Garcia, Chief Executive Officer of Algoma, commented: "Despite ongoing trade headwinds, we achieved first arc and first steel from our electric arc furnace
SAULT STE. MARIE, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. ("Algoma" or the "Company") (NASDAQ:ASTL, TSX:ASTL) today announced the execution of binding term sheets to secure C$500 million in liquidity support, comprising C$400 million loan facilities from the Government of Canada under the Large Enterprise Tariff Loan facility and C$100 million loan facilities from the Province of Ontario (collectively, the "Facilities"). The Facilities provide essential financial flexibility amid prolonged trade uncertainty and position Algoma to advance its ongoing business transformation. Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsibl
6-K - Algoma Steel Group Inc. (0001860805) (Filer)
6-K - Algoma Steel Group Inc. (0001860805) (Filer)
6-K - Algoma Steel Group Inc. (0001860805) (Filer)
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
SC 13G/A - Algoma Steel Group Inc. (0001860805) (Subject)
SC 13D - Algoma Steel Group Inc. (0001860805) (Subject)
SC 13G - Algoma Steel Group Inc. (0001860805) (Subject)
SAULT STE. MARIE, Ontario, Oct. 20, 2025 (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 2025 third quarter financial results after the market closes on Wednesday, October 29, 2025. A webcast and conference call will be held on Thursday, October 30, 2025 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 www.i
Consolidated Revenue of $589.7 Million Net Loss of $110.6 Million and Adjusted EBITDA Loss of $32.4 Million Achieved First Arc and First Steel Production from Transformative Electric Arc Furnace (EAF) Project SAULT STE. MARIE, Ontario, July 29, 2025 (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 second quarter ended June 30, 2025. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Second Quarter 2025 to Second Quarter 2024 Comparisons Consolidated revenue of $589.7 million, compared
SAULT STE. MARIE, Ontario, July 15, 2025 (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 2025 second quarter financial results after the market closes on Tuesday, July 29, 2025. A webcast and conference call will be held on Wednesday, July 30, 2025 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session. The Company also provided guidance for its quarter ended June 30, 2025. Unless otherwise specified, all amounts are in Canadian Dollars. Tot
SAULT STE. MARIE, Ontario, June 24, 2025 (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 annual meeting of shareholders (the "Meeting") held on June 24, 2025. 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 Bueschkens63,288,0461,619,73664,907,782Sean Donnelly63,618,6501,289,13264,907,782M
SAULT STE. MARIE, Ontario, Sept. 24, 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 the results of voting at its virtual annual meeting of shareholders held on September 24, 2024 (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 Bueschkens62,437,35077,69862,515,048Sean Donnelly62,484,96030,08862,
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