Algoma Central Stock Forecast, Price & News

0.00 (0.00 %)
(As of 04/13/2021 01:59 PM ET)
Today's Range
Now: C$17.22
50-Day Range
MA: C$16.35
52-Week Range
Now: C$17.22
Volume4,259 shs
Average Volume15,702 shs
Market CapitalizationC$650.93 million
P/E Ratio14.52
Dividend Yield3.95%
Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. It operates 12 self-unloading bulk carriers and 8 gearless bulk carriers; and owns and manages eight double-hull product tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St. Lawrence waterway, and the Atlantic Canada regions. The company also owns eight ocean-going self-unloading vessels that carry coal for power generation, crushed aggregates for construction, gypsum for wallboard manufacturing, iron ore for the steel industry, and salt for winter road safety. In addition, it provides management services to third parties, as well as owns a shopping center and an apartment building located in Sault Ste. Marie, Ontario. It serves iron and steel, aggregate, cement and building material, and salt producers; agricultural product distributors; oil refiners, wholesale distributors and large consumers of petroleum products. 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 St. Catharines, Canada.

Industry, Sector and Symbol

Industry Shipping & Ports
Year FoundedN/A



Sales & Book Value

Annual SalesC$545.66 million
Cash FlowC$2.73 per share
Book ValueC$14.83 per share



Market CapC$650.93 million
Next Earnings Date5/5/2021 (Estimated)
OptionableNot Optionable


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Overall MarketRank

1.06 out of 5 stars

Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
0.00 (0.00 %)
(As of 04/13/2021 01:59 PM ET)
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Algoma Central (TSE:ALC) Frequently Asked Questions

What stocks does MarketBeat like better than Algoma Central?

Wall Street analysts have given Algoma Central a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Algoma Central wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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When is Algoma Central's next earnings date?

Algoma Central is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Algoma Central

How were Algoma Central's earnings last quarter?

Algoma Central Co. (TSE:ALC) announced its quarterly earnings results on Friday, February, 26th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.39. The business earned $154.29 million during the quarter, compared to the consensus estimate of $152.10 million.
View Algoma Central's earnings history

How has Algoma Central's stock been impacted by COVID-19?

Algoma Central's stock was trading at C$10.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ALC stock has increased by 64.5% and is now trading at C$17.26.
View which stocks have been most impacted by COVID-19

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

Algoma Central announced a quarterly dividend on Thursday, February 11th. Shareholders of record on Monday, March 1st will be given a dividend of 0.17 per share on Monday, March 1st. This represents a $0.68 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Thursday, February 11th. This is a positive change from Algoma Central's previous quarterly dividend of C$0.13.
View Algoma Central's dividend history

Is Algoma Central a good dividend stock?

Algoma Central pays an annual dividend of C$0.50 per share and currently has a dividend yield of 3.95%. The dividend payout ratio of Algoma Central is 42.16%. This payout ratio is at a healthy, sustainable level, below 75%.
View Algoma Central's dividend history.

What price target have analysts set for ALC?

0 equities research analysts have issued 12 month price objectives for Algoma Central's shares. Their forecasts range from C$16.00 to C$19.00. On average, they anticipate Algoma Central's share price to reach C$17.50 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
View analysts' price targets for Algoma Central
or view top-rated stocks among Wall Street analysts.

Who are Algoma Central's key executives?

Algoma Central's management team includes the following people:
  • Mr. Gregg A. Ruhl, Pres & CEO
  • Mr. Peter D. Winkley C.A., CPA, CPA, CA, Chief Fin. Officer
  • Mr. Brad L. Tiffin, Sr. Vice-Pres of Operations & Technical
  • Mr. J. Wesley Newton L.L.B., Sr. VP of Corp. Devel., Gen. Counsel & Sec.
  • Mr. Jeffrey M. DeRosario P.Eng., Assistant Vice-Pres of Marketing
  • Mr. Christopher A. L. Lazarz C.A., CPA, CPA, CA, Vice-Pres of Corp. Fin.
  • Mr. Fredrik Hanson, Vice -Pres of Fin. & Admin.
  • Ms. Cathy Smith, Assistant Vice-Pres of HR
  • Mr. Thomas G. Siklos, VP of Real Estate

Who are some of Algoma Central's key competitors?

What other stocks do shareholders of Algoma Central own?

What is Algoma Central's stock symbol?

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

How do I buy shares of Algoma Central?

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.
Compare Top Brokerages Here.

What is Algoma Central's stock price today?

One share of ALC stock can currently be purchased for approximately C$17.26.

How much money does Algoma Central make?

Algoma Central has a market capitalization of C$652.45 million and generates C$545.66 million in revenue each year.

How many employees does Algoma Central have?

Algoma Central employs 1,600 workers across the globe.

What is Algoma Central's official website?

The official website for Algoma Central is www.algonet.com.

Where are Algoma Central's headquarters?

Algoma Central is headquartered at 63 Church St Suite 600, ST. CATHARINES, ON L2R 3C4, Canada.

How can I contact Algoma Central?

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

This page was last updated on 4/13/2021 by MarketBeat.com Staff
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