Stelco (STLC) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stelco in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" STLC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STLC, but not buy additional shares or sell existing shares.
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6 Wall Street research analysts have issued 1 year price targets for Stelco's stock. Their STLC share price forecasts range from C$46.00 to C$63.00. On average, they predict the company's share price to reach C$52.25 in the next year. This suggests a possible upside of 23.9% from the stock's current price.
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Stelco's stock was trading at C$44.29 at the start of the year. Since then, STLC stock has decreased by 4.8% and is now trading at C$42.16.
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Stelco declared a quarterly dividend on Wednesday, May 17th. Investors of record on Tuesday, May 23rd will be paid a dividend of 0.42 per share on Tuesday, May 23rd. This represents a $1.68 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, May 17th.
Read our dividend analysis for STLC.

Stelco (TSE:STLC) pays an annual dividend of C$1.68 per share and currently has a dividend yield of 4.07%. STLC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 15.04%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for STLC.

Based on aggregate information from My MarketBeat watchlists, some companies that other Stelco investors own include Aurora Cannabis (ACB), BlackBerry (BB), Dollarama (DOL), AltaGas (ALA), Bank of Nova Scotia (BNS), Canadian National Railway (CNR), Enbridge (ENB), Keyera (KEY), Air Canada (AC) and BCE (BCE).

Stelco trades on the Toronto Stock Exchange (TSX) under the ticker symbol "STLC."

Shares of STLC 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.
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One share of STLC stock can currently be purchased for approximately C$42.16.

Stelco (TSE:STLC) has a market capitalization of C$2.32 billion and generates C$3.24 billion in revenue each year. The company earns C$724 million in net income (profit) each year or C$11.17 on an earnings per share basis.

The company employs 2,185 workers across the globe.

Stelco's mailing address is 386 Wilcox Street, HAMILTON, ON L8L 8K5, Canada. The official website for the company is www.stelco.com. The company can be reached via phone at 905 528 2511.