Algoma Steel Group (TSE:ASTL) Given New C$21.00 Price Target at Stifel Nicolaus

Algoma Steel Group (TSE:ASTL) had its price target decreased by Stifel Nicolaus from C$22.00 to C$21.00 in a research note released on Monday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Algoma Steel Group Trading Up 0.5 %

Algoma Steel Group stock opened at C$11.92 on Monday. The business has a 50 day moving average price of C$14.40 and a two-hundred day moving average price of C$13.30. The company has a quick ratio of 1.51, a current ratio of 4.19 and a debt-to-equity ratio of 40.70. Algoma Steel Group has a 12 month low of C$9.16 and a 12 month high of C$16.83. The stock has a market cap of C$1.24 billion, a price-to-earnings ratio of -54.18 and a beta of 1.50.

Algoma Steel Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 27th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Wednesday, November 27th. Algoma Steel Group’s dividend payout ratio (DPR) is -122.73%.

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.