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ASTL
Volume: 1.04M
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ASTL Stock Forecast & Price Target

ASTL Analyst Ratings

Based on 1 analyst ratings
Strong Buy
Strong Buy 100%
Buy 0%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Algoma Steel Group Inc. has committed approximately 86% of its total expected capital expenditures of CAD 825-875 million towards its significant transition from basic oxygen furnace (BoF) steelmaking to electric arc furnace (EAF) production, which is projected to enhance long-term profitability. The transformation is expected to lead to better resilience against market volatility, with the potential to recover CAD 25 million from insurance and a projected CAD 100 million in working capital release in fiscal year 2025. Moreover, as Algoma progresses towards its sustainability goals and emissions reduction targets, its strategic transformation could attract favorable valuations and support a re-rating of its financial performance amidst a challenging steel industry environment.

Bears say

The financial outlook for Algoma Steel Group Inc. is marked by significant challenges, as the company faces a tough pricing environment and ongoing demand softness, which are anticipated to result in FY2Q'25 earnings reflecting a trough. Estimates for FY4Q'24 have been revised downward due to a production stoppage at the blast furnace, leading to a reduction in shipment projections from 560kt to 475kt and a decrease in EBITDA expectations from C$73 million to C$23 million. Additionally, elevated capital expenditures and the limited potential for share repurchases further exacerbate concerns regarding the company’s long-term profitability and valuation multiples.

ASTL has been analyzed by 1 analysts, with a consensus rating of Strong Buy. 100% of analysts recommend a Strong Buy, 0% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Algoma Steel Group and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Algoma Steel Group (ASTL) Forecast

Analysts have given ASTL a Strong Buy based on their latest research and market trends.

According to 1 analysts, ASTL has a Strong Buy consensus rating as of Jun 16, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $14.25, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $14.25, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Algoma Steel Group (ASTL)

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