Algoma Central Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algoma Central in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Algoma Central stock.
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Algoma Central's stock was trading at C$17.03 at the start of the year. Since then, ALC stock has decreased by 5.8% and is now trading at C$16.04.
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Algoma Central is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Algoma Central Co. (TSE:ALC) issued its quarterly earnings results on Wednesday, May, 4th. The company reported ($0.52) earnings per share for the quarter, topping analysts' consensus estimates of ($0.53) by $0.01. The company had revenue of $85.10 million for the quarter, compared to the consensus estimate of $81.70 million.
View Algoma Central's earnings history.

Algoma Central announced a quarterly dividend on Tuesday, May 17th. Investors of record on Wednesday, June 1st will be paid a dividend of 0.17 per share on Wednesday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Tuesday, May 17th.
View Algoma Central's dividend history.

Algoma Central(TSE:ALC) pays an annual dividend of C$0.68 per share and currently has a dividend yield of 4.28%. ALC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Algoma Central is 32.85%. This payout ratio is at a healthy, sustainable level, below 75%.
View Algoma Central's dividend history.

Some companies that are related to Algoma Central include Hamburger Hafen und Logistik Aktiengesellschaft (HHFA), Clarkson (CKN), Irish Continental Group (ICGC), Logistec (LGT.B), Ocean Wilsons (OCN), Global Ports (GPH), Sutton Harbour Group (SUH), Boston Carriers (BSTN), FreeSeas (FREEF), Hapag-Lloyd Aktiengesellschaft (HLAG), International Container Terminal Services (ICTEF) and Stolt-Nielsen (SOIEF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Algoma Central investors own include Air Canada (AC), BCE (BCE), Chorus Aviation (CHR), Extendicare (EXE), Aurora Cannabis (ACB), Algonquin Power & Utilities (AQN), Brookfield Infrastructure Partners (BIP.UN), Chemtrade Logistics Income Fund (CHE.UN), Crombie Real Estate Investment Trust (CRR.UN) and Cominar REIT (CUF.UN).

Algoma Central trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ALC."

Shares of ALC 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.
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One share of ALC stock can currently be purchased for approximately C$16.04.

Algoma Central (TSE:ALC) has a market capitalization of C$606.33 million and generates C$606.38 million in revenue each year.

Algoma Central employs 1,600 workers across the globe.

Algoma Central's mailing address is 63 Church St Suite 600, ST. CATHARINES, ON L2R 3C4, Canada. The official website for Algoma Central is www.algonet.com. The company can be reached via phone at +1-905-6877888.