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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...
Algoma Steel generated almost C$300M in net income and about C$273M in free cash flow in Q2, while the market cap is now less than C$2B. The free cash flow bonanza will likely continue for the next two quarters. This makes Algoma's financial situation a lot more flexible, as the c...
Algoma Steel recently returned to the public markets via a SPAC transaction with Legato Merger Corp. Despite a recent earnings bump, the stock is still trading at 1.4x current EBITDA and 1.8x forward EBITDA. As cash flow drives down net debt and accrues to equity holders, the shar...
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2024-07-09 19:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-01 09:00:22 ET Algoma Steel Group Inc (ASTL) declaring a stock dividend of $0.05 per share on Ex-Date : July 02, 2024. Shareholders on record as of July 02, 2024 are eligible for the dividend. The payment date is scheduled for July 19, 2024, and the declaration was officiall...
2024-06-29 20:24:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...