Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) declared a quarterly dividend on Tuesday, July 2nd, TickerTech reports. Investors of record on Friday, July 19th will be paid a dividend of 0.05 per share on Friday, July 19th. This represents a $0.20 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, July 2nd.
Algoma Steel Group Stock Down 0.5 %
Shares of TSE ASTL opened at C$9.49 on Friday. The firm has a market cap of C$987.34 million, a PE ratio of 14.83 and a beta of 1.54. Algoma Steel Group has a 12-month low of C$8.71 and a 12-month high of C$13.54. The company’s fifty day simple moving average is C$10.41 and its 200 day simple moving average is C$11.16. The company has a quick ratio of 1.51, a current ratio of 2.88 and a debt-to-equity ratio of 10.83.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Algoma Steel Group from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Cormark dropped their price objective on shares of Algoma Steel Group from C$17.00 to C$14.50 in a research note on Monday, June 24th. Finally, BMO Capital Markets dropped their price objective on shares of Algoma Steel Group from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th.
About Algoma Steel Group
Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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