BMO Capital Sticks to Its Buy Rating for Algoma Steel Group (ASTL)

In a report released today, David Gagliano from BMO Capital maintained a Buy rating on Algoma Steel Group (ASTLResearch Report), with a price target of C$14.00. The company’s shares opened today at $6.81.

Gagliano covers the Basic Materials sector, focusing on stocks such as Century Aluminum, Nucor, and Steel Dynamics. According to TipRanks, Gagliano has an average return of 5.6% and a 47.52% success rate on recommended stocks.

Algoma Steel Group has an analyst consensus of Moderate Buy, with a price target consensus of $9.02.

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ASTL market cap is currently $721.2M and has a P/E ratio of 1.61.

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