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Algoma Steel Group Inc
Symbol ASTL
Shares Issued 103,838,495
Close 2023-12-29 C$ 13.30
Market Cap C$ 1,381,051,984
Recent Sedar Documents

Globe says Algoma Steel, others make TSX top-20

2024-01-02 07:16 ET - In the News

Also In the News (C-ATH) Athabasca Oil Corp
Also In the News (C-PXT) Parex Resources Inc

The Globe and Mail reports in its Saturday edition that Algoma Steel is among the top-20 Canadian stocks on the Toronto Stock Exchange. The Globe's Norman Rothery writes that Algoma Steel is based in Sault Ste. Marie, Ont., and produces hot and cold rolled steel products. The company's shares shot up 56 per cent over the past year and trade at nine times forward 12-month earnings estimates. Algoma pays its dividend in U.S. dollars, and offers a relatively modest yield of 2.2 per cent. Another top-20, Athabasca Oil, owns thermal and light oil assets in Alberta and makes its home in Calgary. The company's stock surged 96 per cent over the past year, yet its shares trade at a modest four times trailing earnings and eight times forward 12-month earnings estimates. Meanwhile, Parex Resources also makes the top-20 list. It is a large independent oil and gas exploration and production company headquartered in Calgary that conducts operations in Colombia. Parex pays a dividend yield of 6 per cent and trades near three times trailing earnings and five times forward 12-month earnings estimates.

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