Algoma Steel Group Inc (ASTL.TO) saw a slight increase in its stock price on Monday, following a week of losses.
The stock rose by 0.98%, closing at C$5.13. Despite this uptick, Algoma has faced significant challenges, with a 6.90% decline over the past week and a 19.47% drop in the last month. Investors are likely looking for clarity amid the company's ongoing financial struggles and recent performance metrics.
Advertisement
Get up to $2,000 cash back
Open and fund a new Qtrade account with promo code SPRING26. Offer ends July 31, 2026.
Algoma Steel Group Inc
ASTL.TO
ASTL.TO
Algoma Steel Group Inc
WealthAwesomeMarket cap
$540.64M
52W high
$9.92
52W low
$4.20
1W change
-6.90%
Beta
1.64
Analyst Price Targets
Based on analyst covering ASTL
Wall Street analysts forecast ASTL stock price to rise 60.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$8.25
+60.8% Upside
Current Price
C$5.13
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ASTL's historical volatility
30-Day Vol
55.6%
Annualized
90-Day Vol
60.7%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$4.29
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$4.83 | C$3.99 – C$5.86 |
| 60 trading days | C$4.55 | C$3.47 – C$5.98 |
| 90 trading days | C$4.29 | C$3.08 – C$5.98 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should consider Algoma Steel's recent financial results and guidance, along with the broader market conditions affecting the materials sector. The stock is currently trading below its moving averages, and a high beta indicates volatility, suggesting that caution may be necessary.
C$5.13 close with a 1D increase of 0.98%
Algoma Steel's trading price remains significantly below its 50-day and 200-day moving averages, indicating a bearish trend in the short to medium term.
Bull case
If Algoma Steel can enhance its operational efficiencies and financial performance, particularly through sustainability initiatives and new production capabilities, it may turn around investor sentiment.
Bear case
Ongoing losses and a negative profit margin raise concerns about the company's financial health, which could deter potential investors and lead to further declines in stock price.
Recent Price Action
Algoma Steel's stock closed at C$5.13 on Monday, reflecting a 0.98% increase for the day. However, it has been under pressure recently, with a 6.90% decline over the past week and a more significant 19.47% drop over the last month. Year-to-date, the stock is down 4.82%, indicating a challenging market environment for the company.
Company News and Headlines
While there was no specific company news released this week, Algoma Steel's recent earnings report for Q4 2025 revealed a substantial quarterly loss of C$364.7 million, compared to a loss of C$66.5 million the previous year. This loss highlights ongoing challenges within the company and the materials sector as a whole. Additionally, the company has provided guidance for Q2 2026, expecting steel shipments between 175,000 to 180,000 tons, with an Adjusted EBITDA ranging from $5 million to $15 million.
Technical Picture
From a technical perspective, Algoma Steel is trading well below its 50-day moving average of C$6.57 and its 200-day moving average of C$6.01, indicating a bearish trend. The stock's 52-week range is C$4.20 to C$9.92, with the current price sitting at approximately 16% of this range. The stock has a beta of 1.64, suggesting higher volatility compared to the broader market. The latest trading volume of 379,497 shares is above the 20-day average volume of 454,027 shares, indicating increased trading activity.
Advertisement
