Algoma Steel Group (ASTL) Expected to Announce Quarterly Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) is expected to be posting its Q2 2027 results after the market closes on Wednesday, March 11th. Analysts expect Algoma Steel Group to post earnings of $0.32 per share and revenue of $474.30 million for the quarter. Individuals may visit the the company’s upcoming Q2 2027 earning results page for the latest details on the call scheduled for Wednesday, February 25, 2026 at 12:00 AM ET.

Algoma Steel Group Price Performance

Shares of Algoma Steel Group stock opened at $4.34 on Tuesday. The firm has a market cap of $455.70 million, a PE ratio of -0.91 and a beta of 1.54. The stock has a 50 day moving average of $4.48 and a 200 day moving average of $4.28. The company has a current ratio of 2.29, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Algoma Steel Group has a 12 month low of $3.02 and a 12 month high of $7.24.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Algoma Steel Group in a report on Monday, December 29th. Zacks Research raised shares of Algoma Steel Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Jefferies Financial Group initiated coverage on shares of Algoma Steel Group in a research report on Friday, January 2nd. They issued a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Algoma Steel Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASTL. Invesco Ltd. lifted its stake in shares of Algoma Steel Group by 27.6% in the 4th quarter. Invesco Ltd. now owns 66,713 shares of the company’s stock valued at $274,000 after purchasing an additional 14,415 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Algoma Steel Group by 74.3% in the 4th quarter. Mackenzie Financial Corp now owns 94,776 shares of the company’s stock worth $384,000 after purchasing an additional 40,413 shares during the period. XTX Topco Ltd increased its position in shares of Algoma Steel Group by 15.8% during the 4th quarter. XTX Topco Ltd now owns 143,704 shares of the company’s stock valued at $589,000 after purchasing an additional 19,627 shares during the last quarter. Orion Resource Partners LP increased its position in shares of Algoma Steel Group by 173.8% during the 4th quarter. Orion Resource Partners LP now owns 381,728 shares of the company’s stock valued at $1,571,000 after purchasing an additional 242,322 shares during the last quarter. Finally, Aristeia Capital L.L.C. purchased a new stake in Algoma Steel Group during the 4th quarter valued at $493,000. 72.00% of the stock is currently owned by hedge funds and other institutional investors.

Algoma Steel Group Company Profile

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.