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TSE:ALC

Algoma Central (ALC) Stock Price, News & Analysis

C$14.89
-0.11 (-0.73%)
(As of 02/29/2024 ET)
Today's Range
C$14.85
C$14.98
50-Day Range
C$14.77
C$15.37
52-Week Range
C$14.14
C$16.28
Volume
9,780 shs
Average Volume
12,891 shs
Market Capitalization
C$573.41 million
P/E Ratio
6.23
Dividend Yield
5.10%
Price Target
C$20.50

Algoma Central MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
37.7% Upside
C$20.50 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Algoma Central in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
C$30,140 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.03 out of 5 stars


ALC stock logo

About Algoma Central Stock (TSE:ALC)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates in five segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segment. The Domestic Dry-Bulk segment operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, salt, and agricultural product distributors. The Product Tankers segment provides transportation services for liquid petroleum products throughout the Great Lakes, St. Lawrence Seaway, and Atlantic Canada regions. The Ocean Self-Unloaders segment operates ocean-going self-unloading vessels. The Global Short Sea Shipping segment provides niche marine transportation services. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was incorporated in 1899 and is headquartered in Saint Catharines, Canada.

ALC Stock Price History

ALC Stock News Headlines

Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
ALC:CA Algoma Central Corporation
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Algoma Central Corp ALC
Closing Bell: Algoma Central flat on Friday (ALC)
Closing Bell: Algoma Central up on Monday (ALC)
Closing Bell: Algoma Central down on Wednesday (ALC)
See More Headlines
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Company Calendar

Last Earnings
8/05/2021
Ex-Dividend for 3/1 Dividend
2/15/2024
Today
3/01/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
5/01/2024

Industry, Sector and Symbol

Industry
Marine Shipping
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$20.50
High Stock Price Target
C$20.50
Low Stock Price Target
C$20.50
Potential Upside/Downside
+37.7%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
C$99.21 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$729.95 million
Cash Flow
C$3.26 per share
Book Value
C$19.75 per share

Miscellaneous

Free Float
N/A
Market Cap
C$573.41 million
Optionable
Not Optionable
Beta
0.72
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Key Executives

  • Mr. Gregg A. Ruhl
    President, CEO & Director
  • Mr. Peter D. Winkley C.A.
    CPA, Executive VP & CFO
  • Mr. Jeffrey M. DeRosario P.Eng.
    Vice-President of Marketing
  • Mr. J. Wesley Newton L.L.B.
    Executive VP of Strategy & Business Development and Secretary
  • Mr. Steve Wright
    Executive Vice-President of Operations & Technical
  • Mr. Christopher A. L. Lazarz C.A.
    CPA, Vice-President of Corporate Finance
  • Ms. Cathy Smith
    Vice-President of Human Resources
  • Mr. Thomas G. Siklos
    Vice President of Real Estate














ALC Stock Analysis - Frequently Asked Questions

What is Algoma Central's stock price target for 2024?

0 analysts have issued 1 year target prices for Algoma Central's shares. Their ALC share price targets range from C$20.50 to C$20.50. On average, they anticipate the company's stock price to reach C$20.50 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price.
View analysts price targets for ALC
or view top-rated stocks among Wall Street analysts.

How have ALC shares performed in 2024?

Algoma Central's stock was trading at C$14.95 on January 1st, 2024. Since then, ALC shares have decreased by 0.4% and is now trading at C$14.89.
View the best growth stocks for 2024 here
.

When is Algoma Central's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ALC earnings forecast
.

How were Algoma Central's earnings last quarter?

Algoma Central Co. (TSE:ALC) posted its quarterly earnings results on Thursday, August, 5th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.26. Algoma Central had a trailing twelve-month return on equity of 13.37% and a net margin of 13.59%.

How often does Algoma Central pay dividends? What is the dividend yield for Algoma Central?

Algoma Central announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 1st will be paid a dividend of 0.19 per share on Friday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of C$0.18.
Read our dividend analysis for ALC
.

Is Algoma Central a good dividend stock?

Algoma Central (TSE:ALC) pays an annual dividend of C$0.76 per share and currently has a dividend yield of 5.05%. ALC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.80%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ALC.

What other stocks do shareholders of Algoma Central own?
How do I buy shares of Algoma Central?

Shares of ALC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ALC) was last updated on 3/1/2024 by MarketBeat.com Staff