ASTL News and Press, Algoma Steel Group Inc. From 02/11/22

Algoma Steel recently completed its going-public process but its share price did not participate in the red-hot steel market. The underlying results are exceptionally strong as the company generated more than C$2/share in free cash flow in the most recent quarter. The cash is bein...

Algoma Steel Group (NASDAQ:ASTL) initiates $0.05/share quarterly dividend. Forward yield 2.14% Payable March 31; for shareholders of record Feb. 28; ex-div Feb. 25. See ASTL Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Algoma Steel Group initiate...

Algoma Steel Group press release (NASDAQ:ASTL): FQ3 GAAP EPS of $0.92. Revenue of $1.06B (+146.5% Y/Y). Shipments of 552,544 tons, up from 547,733 tons in the prior-year quarter. For further details see: Algoma Steel Group GAAP EPS of $0.92, revenue of $1.06B

Continued Record Revenue, Adjusted EBITDA and Free Cash Flow Performance Balance Sheet Further Enhanced; Electric Arc Furnace Construction Underway Initiates Quarterly Dividend and Announces Intention to Launch Normal Course Issuer Bid Business Highli...

Steel prices hit record highs in 2021 on a surge in global demand. And as manufacturing activities resume full swing globally, steel prices are expected to remain elevated. Thus, we think fundamentally sound steel stocks United States Steel (X) and Steel Dynamics (STLD) are solid bets now. Co...

SAULT STE. MARIE, Ontario, Jan. 31, 2022 (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 the Company will release its fiscal 2022 third qua...

SAULT STE. MARIE, Ontario, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma Steel” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarde...

Expects all 37.5 million shares to be issued pursuant to Earnout rights Financial results expected to be in line with previous guidance SAULT STE. MARIE, Ontario, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma ...

Algoma Steel (NASDAQ:ASTL) stock is up 7% today after BMO Capital Markets starts off coverage with an Outperform rating. BMO Capital's analyst David Gagliano assigns the price target of C$17 to rep around 36% upside potential from last price. SA Pro Editors see a 45% upside in Algom...

SAULT STE. MARIE, Ontario, Dec. 02, 2021 (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 it has selected Dan...