Algoma Steel Group Inc. (NASDAQ:ASTL) Given Consensus Recommendation of “Reduce” by Brokerages

Posted by on May 21st, 2026

Shares of Algoma Steel Group Inc. (NASDAQ:ASTL – Get Free Report) have earned an average recommendation of “Reduce” from the five analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

Several equities analysts have recently weighed in on the company. Zacks Research lowered Algoma Steel Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Algoma Steel Group in a research report on Friday, March 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Algoma Steel Group in a research report on Thursday, May 14th.

Check Out Our Latest Research Report on ASTL

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of Algoma Steel Group by 10.7% in the first quarter. Goldman Sachs Group Inc. now owns 245,528 shares of the company’s stock valued at $1,331,000 after buying an additional 23,659 shares in the last quarter. Legal & General Group Plc lifted its position in Algoma Steel Group by 11.3% during the 2nd quarter. Legal & General Group Plc now owns 88,583 shares of the company’s stock worth $611,000 after acquiring an additional 8,963 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Algoma Steel Group in the second quarter valued at approximately $32,000. PDT Partners LLC acquired a new stake in Algoma Steel Group in the second quarter valued at approximately $304,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Algoma Steel Group during the second quarter valued at approximately $1,089,000. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Stock Down 4.8%

Shares of NASDAQ ASTL opened at $4.93 on Thursday. The stock has a market capitalization of $518.54 million, a PE ratio of -0.66 and a beta of 1.55. The company has a quick ratio of 1.22, a current ratio of 2.45 and a debt-to-equity ratio of 2.19. The firm has a fifty day moving average of $4.48 and a 200-day moving average of $4.34. Algoma Steel Group has a 52-week low of $3.02 and a 52-week high of $7.24.

Algoma Steel Group (NASDAQ:ASTL – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.28). Algoma Steel Group had a negative return on equity of 75.76% and a negative net margin of 60.03%.The firm had revenue of $216.44 million during the quarter, compared to analysts’ expectations of $217.57 million. On average, analysts anticipate that Algoma Steel Group will post -2.27 EPS for the current year.

Algoma Steel Group Company Profile

(Get Free Report)

Algoma Steel Group Inc is a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company operates a modern electric arc furnace (EAF) complex and an integrated rolling mill, enabling it to transform scrap and direct reduced iron into a wide range of steel products. Algoma Steel Group returned to public markets in 2021 with listings on both the Toronto Stock Exchange and the Nasdaq under the symbol ASTL.

Founded in 1901 as Algoma Steel Corporation, the company grew to become one of Canada’s leading steelmakers before undergoing restructuring in the early 2000s.

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Analyst Recommendations for Algoma Steel Group (NASDAQ:ASTL)

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