Algoma Steel Group (TSE:ASTL) Stock Price Down 12.7% – What’s Next?

Posted by Latisha Jones on Aug 1st, 2026

Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) shares dropped 12.7% during trading on Thursday . The company traded as low as C$5.16 and last traded at C$5.21. 774,986 shares were traded during trading, an increase of 26% from the average daily volume of 617,433 shares. The stock had previously closed at C$5.97.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ASTL shares. Royal Bank Of Canada reduced their target price on shares of Algoma Steel Group from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research note on Friday. BMO Capital Markets reduced their price target on Algoma Steel Group from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research report on Friday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$7.12.

Get Our Latest Analysis on Algoma Steel Group

Algoma Steel Group Trading Up 0.7%

The company has a debt-to-equity ratio of 368.00, a current ratio of 2.49 and a quick ratio of 1.50. The business has a fifty day moving average of C$6.18 and a 200-day moving average of C$6.20. The stock has a market capitalization of C$568.05 million, a price-to-earnings ratio of -0.52 and a beta of 1.77.

Algoma Steel Group (TSE:ASTL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($0.88) earnings per share for the quarter. Algoma Steel Group had a negative net margin of 55.02% and a negative return on equity of 180.34%. The business had revenue of C$267.50 million for the quarter. On average, equities analysts anticipate that Algoma Steel Group Inc. will post 1.4795699 earnings per share for the current fiscal year.

Algoma Steel Group Company Profile

(Get Free Report)

Based in Sault Ste. Marie, Ontario, Algoma is a leading Canadian producer of high-quality plate and sheet steel products, proudly supporting critical sectors including energy, defence, automotive, shipbuilding, and infrastructure. Guided by a purpose to build better lives and a greener future, Algoma is shaping the next generation of sustainable steelmaking in Canada. With the transition to electric arc furnace (EAF) steelmaking and a modernized plate mill, Algoma is redefining how steel is made in Canada.