In a report released on August 11, Katja Jancic from BMO Capital maintained a Buy rating on Algoma Steel Group (ASTL – Research Report), with a price target of $14.00. The company’s shares closed last Friday at $6.95.
Jancic covers the Basic Materials sector, focusing on stocks such as Reliance Steel, Alcoa, and Century Aluminum. According to TipRanks, Jancic has an average return of 12.5% and a 71.43% success rate on recommended stocks.
Currently, the analyst consensus on Algoma Steel Group is a Moderate Buy with an average price target of $14.13.
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The company has a one-year high of $9.68 and a one-year low of $5.56. Currently, Algoma Steel Group has an average volume of 709.3K.
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Read More on ASTL:
- Algoma Steel reports Q1 EPS 85c vs. $1.49 last year
- Algoma Steel Group Reports Fiscal 2024 First Quarter Financial Results
- Algoma Steel to Announce Fiscal 2024 First Quarter Results August 10, 2023
- Largest borrow rate increases among liquid names
- Algoma Steel price target lowered to C$14.25 from C$16 at Stifel
