Algoma Steel Group (ASTL) Expected to Announce Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) will likely be issuing its Q2 2027 results after the market closes on Wednesday, March 11th. Analysts expect Algoma Steel Group to post earnings of $0.32 per share and revenue of $474.30 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Wednesday, February 25, 2026 at 12:00 AM ET.

Algoma Steel Group Stock Performance

ASTL opened at $4.60 on Wednesday. The business has a 50 day moving average price of $4.45 and a two-hundred day moving average price of $4.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.29 and a quick ratio of 0.76. The company has a market capitalization of $483.00 million, a price-to-earnings ratio of -0.97 and a beta of 1.54. Algoma Steel Group has a 1-year low of $3.02 and a 1-year high of $7.24.

Institutional Investors Weigh In On Algoma Steel Group

Several hedge funds have recently made changes to their positions in ASTL. Invesco Ltd. lifted its position in shares of Algoma Steel Group by 27.6% in the fourth quarter. Invesco Ltd. now owns 66,713 shares of the company’s stock worth $274,000 after purchasing an additional 14,415 shares in the last quarter. Mackenzie Financial Corp grew its position in Algoma Steel Group by 74.3% during the fourth quarter. Mackenzie Financial Corp now owns 94,776 shares of the company’s stock valued at $384,000 after purchasing an additional 40,413 shares in the last quarter. XTX Topco Ltd increased its stake in Algoma Steel Group by 15.8% in the 4th quarter. XTX Topco Ltd now owns 143,704 shares of the company’s stock valued at $589,000 after buying an additional 19,627 shares during the period. Orion Resource Partners LP lifted its position in Algoma Steel Group by 173.8% in the 4th quarter. Orion Resource Partners LP now owns 381,728 shares of the company’s stock worth $1,571,000 after buying an additional 242,322 shares in the last quarter. Finally, Aristeia Capital L.L.C. purchased a new stake in Algoma Steel Group in the 4th quarter worth approximately $493,000. Hedge funds and other institutional investors own 72.00% of the company’s stock.

Analyst Upgrades and Downgrades

ASTL has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Algoma Steel Group in a report on Monday, December 29th. Zacks Research upgraded shares of Algoma Steel Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Jefferies Financial Group assumed coverage on shares of Algoma Steel Group in a report on Friday, January 2nd. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

About Algoma Steel Group

Algoma Steel Group Inc is a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company operates a modern electric arc furnace (EAF) complex and an integrated rolling mill, enabling it to transform scrap and direct reduced iron into a wide range of steel products. Algoma Steel Group returned to public markets in 2021 with listings on both the Toronto Stock Exchange and the Nasdaq under the symbol ASTL.

Founded in 1901 as Algoma Steel Corporation, the company grew to become one of Canada’s leading steelmakers before undergoing restructuring in the early 2000s.