BMO Capital analyst David Gagliano maintained a Buy rating on Algoma Steel Group (ASTL – Research Report) yesterday and set a price target of $15.00. The company’s shares closed yesterday at $8.29.
According to TipRanks, Gagliano is a 4-star analyst with an average return of 5.7% and a 49.22% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Nucor, and Steel Dynamics.
Currently, the analyst consensus on Algoma Steel Group is a Moderate Buy with an average price target of $13.12.
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The company has a one-year high of $12.27 and a one-year low of $5.64. Currently, Algoma Steel Group has an average volume of 1.21M.
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Read More on ASTL:
- Algoma Steel Group Reports Fiscal 2023 Third Quarter Results
- Algoma Steel reports Q3 EPS (64c), consensus (46c)
- Algoma Steel to Announce Fiscal 2023 Third Quarter Results February 13, 2023
- Algoma Steel upgraded to Buy from Hold at Stifel
- Algoma Steel price target lowered to C$11 from C$14 at BMO Capital
