TSE:STLC

Stelco - STLC Stock Forecast, Price & News

C$36.11

-0.97 (-2.62%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: C$35.85
▼
C$36.83
50-Day Range: C$31.10
▼
C$37.55
52-Week Range: C$30.20
▼
C$56.99

Volume: 193,374 shs
Average Volume: 391,400 shs
Market Capitalization: C$2.47 billion

P/E Ratio: 1.47
Dividend Yield: 3.24%
Price Target: C$54.73

About Stelco (TSE:STLC) Stock

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company's steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products. The Company operates from two facilities: LEW near Nanticoke, Ontario and HW in Hamilton, Ontario.

Stelco Trading Down 1.3 %

Shares of STLC traded down C$0.48 during mid-day trading on Friday, reaching C$36.60. The stock had a trading volume of 15,921 shares, compared to its average volume of 390,198. The company has a debt-to-equity ratio of 32.02, a current ratio of 2.49 and a quick ratio of 1.89. The firm has a market cap of C$2.51 billion and a price-to-earnings ratio of 1.51. The business's fifty day moving average is C$34.56 and its 200 day moving average is C$40.75. Stelco has a 52-week low of C$30.20 and a 52-week high of C$56.99.

Analyst Ratings Changes

Several equities analysts have issued reports on STLC shares. National Bankshares lifted their price objective on Stelco from C$51.00 to C$55.00 in a research report on Wednesday, July 13th. Stifel Nicolaus boosted their price target on Stelco from C$39.00 to C$40.00 in a report on Friday, August 12th. Scotiabank dropped their target price on Stelco from C$45.00 to C$43.00 in a report on Monday. BMO Capital Markets reduced their price target on Stelco from C$71.00 to C$62.00 in a research report on Thursday, May 19th. Finally, Eight Capital dropped their price target on Stelco from C$63.85 to C$53.70 and set a "buy" rating for the company in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$54.87.

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STLC Stock News Headlines

August 19, 2022 | fool.ca

Commodities Could Storm Back in 2022: 3 TSX Stocks to Buy Now! - The Motley Fool Canada

August 18, 2022 | rttnews.com

Canadian Market Moderately Higher As Energy Stocks Rally - RTTNews

August 17, 2022 | americanbankingnews.com

Scotiabank Trims Stelco (TSE:STLC) Target Price to C$43.00

August 16, 2022 | americanbankingnews.com

Royal Bank of Canada Lowers Stelco (TSE:STLC) Price Target to C$47.00

August 14, 2022 | americanbankingnews.com

Stifel Nicolaus Increases Stelco (TSE:STLC) Price Target to C$40.00

August 12, 2022 | americanbankingnews.com

Stelco Holdings Inc (TSE:STLC) Receives C$54.89 Average PT from Analysts

August 11, 2022 | seekingalpha.com

Stelco Holdings Inc. (STZHF) CEO Alan Kestenbaum on Q2 2022 Results - Earnings Call Transcript - Seeking Alpha

August 11, 2022 | baystreet.ca

Stelco Q2 Net Income Rises 53% To $554 Million - Baystreet.ca

August 10, 2022 | seekingalpha.com

Stelco Holdings Non-GAAP EPS of C$4.93, revenue of C$1.04B beats by C$233.16M (OTCMKTS:STZHF) - Seeking Alpha

August 10, 2022 | businesswire.com

Stelco Holdings Inc. Reports Second Quarter 2022 Results - Business Wire

August 7, 2022 | americanbankingnews.com

JPMorgan Chase & Co. Cuts Stelco (TSE:STLC) Price Target to C$73.00

August 1, 2022 | finance.yahoo.com

Stelco Holdings' (TSE:STLC) three-year earnings growth trails the 39% YoY shareholder returns - Yahoo Finance

August 1, 2022 | finance.yahoo.com

Stelco Holdings' (TSE:STLC) three-year earnings growth trails the 39% YoY shareholder returns

July 30, 2022 | americanbankingnews.com

Eight Capital Lowers Stelco (TSE:STLC) Price Target to C$53.70

July 29, 2022 | americanbankingnews.com

Scotiabank Cuts Stelco (TSE:STLC) Price Target to C$45.00

July 27, 2022 | nasdaq.com

Canadian Stocks Rally On Positive Global Cues; TSX Rises 1.5% - Nasdaq

July 27, 2022 | businesswire.com

Stelco Holdings Inc. Announces Intention to Commence Substantial Issuer Bid - Business Wire

July 26, 2022 | businesswire.com

Stelco Holdings Inc. Schedules Second Quarter 2022 Earnings Release and Conference Call - Business Wire

July 26, 2022 | finance.yahoo.com

Stelco Holdings Inc. Schedules Second Quarter 2022 Earnings Release and Conference Call

July 25, 2022 | businesswire.com

Stelco Reports Preliminary Q2 2022 Adjusted EBITDA of $460–$470 Million; Q3 and Q4 Expected to Be Sequentially Lower - Business Wire

July 25, 2022 | marketwatch.com

Stelco Says Lower Steel Prices to Hurt Second-Half Earnings - MarketWatch

July 25, 2022 | finance.yahoo.com

Stelco Reports Preliminary Q2 2022 Adjusted EBITDA of $460–$470 Million; Q3 and Q4 Expected to Be Sequentially Lower

July 19, 2022 | rttnews.com

TSX Ends On Strong Note Despite Coming Off Day's High - RTTNews

July 14, 2022 | theglobeandmail.com

Thursday's analyst upgrades and downgrades: Citi turns bearish on copper miners - The Globe and Mail

July 13, 2022 | fool.com.au

Neometals share price higher on lithium battery recycling update - The Motley Fool Australia

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STLC Company Calendar

Today: 8/19/2022
Next Earnings (Estimated): 11/09/2022

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Steel
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:STLC
CUSIP: N/A
CIK: N/A
Web: www.stelco.com
Phone: 905 528 2511
Fax: N/A
Employees: 2,185
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$54.87
High Stock Price Forecast: C$73.00
Low Stock Price Forecast: C$40.00
Forecasted Upside/Downside: +51.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.64
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 1.47
Forward P/E Ratio: 5.45
P/E Growth: 0.03
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 32.02
Current Ratio: 2.49
Quick Ratio: 1.89

Sales & Book Value

Annual Sales: C$4.48 billion
Price / Sales: 0.55
Cash Flow: C$20.49 per share
Price / Cash Flow: 1.76
Book Value: C$27.78 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 68,521,000
Free Float: N/A
Market Cap: C$2.47 billion
Optionable: Not Optionable
Beta: N/A

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

STLC Stock - Frequently Asked Questions

Should I buy or sell Stelco stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stelco in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" STLC shares.
View STLC analyst ratings or view top-rated stocks.
What is Stelco's stock price forecast for 2022?: 10 Wall Street analysts have issued 1 year price targets for Stelco's shares. Their STLC share price forecasts range from C$40.00 to C$73.00. On average, they anticipate the company's share price to reach C$54.87 in the next twelve months. This suggests a possible upside of 51.4% from the stock's current price.
View analysts price targets for STLC or view top-rated stocks among Wall Street analysts.
How have STLC shares performed in 2022?: Stelco's stock was trading at C$41.22 at the beginning of the year. Since then, STLC shares have decreased by 12.1% and is now trading at C$36.24.
View the best growth stocks for 2022 here.
When is Stelco's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our STLC earnings forecast.
How often does Stelco pay dividends? What is the dividend yield for Stelco?: Stelco announced a quarterly dividend on Friday, May 13th. Investors of record on Friday, May 20th will be paid a dividend of 0.30 per share on Friday, May 20th. This represents a $1.20 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, May 13th.
Read our dividend analysis for STLC.
Is Stelco a good dividend stock?: Stelco (TSE:STLC) pays an annual dividend of C$1.10 per share and currently has a dividend yield of 3.24%. The dividend payout ratio is 4.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for STLC.

What other stocks do shareholders of Stelco own?: 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).
What is Stelco's stock symbol?: Stelco trades on the Toronto Stock Exchange (TSX) under the ticker symbol "STLC."
How do I buy shares of Stelco?: 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.
Compare Top Brokerages Here.
What is Stelco's stock price today?: One share of STLC stock can currently be purchased for approximately C$36.24.
How much money does Stelco make?: Stelco (TSE:STLC) has a market capitalization of C$2.48 billion and generates C$4.48 billion in revenue each year.
How many employees does Stelco have?: The company employs 2,185 workers across the globe.
How can I contact Stelco?: 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.

This page (TSE:STLC) was last updated on 8/19/2022 by MarketBeat.com Staff

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