Algoma Steel Group (ASTL:CA) — September 28, 2026 analyst update. RBC Capital raised its target price to C$7.00 from C$6.00 while maintaining a Sector Perform rating.
Analyst outlook
The C$1.00 increase is a 16.7% lift to RBC’s previous target. The unchanged Sector Perform rating tempers the significance of the higher estimate: RBC has not upgraded its relative view of the shares.
Steel-market conditions, costs, and the company’s next operating update may help explain whether the higher target can be sustained.
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Analyst targets are estimates from the named firms and may change. This article is informational and is not personalized investment advice.
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