Stelco Holdings Inc (TSE:STLC) Given Average Recommendation of “Moderate Buy” by Analysts

Stelco Holdings Inc (TSE:STLCGet Free Report) has earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$49.94.

Several analysts have recently issued reports on STLC shares. Stifel Nicolaus reduced their price objective on Stelco from C$49.00 to C$47.00 in a research note on Friday, May 10th. National Bankshares reduced their price objective on Stelco from C$54.00 to C$52.00 in a research note on Friday, May 10th. Cormark reduced their price objective on Stelco from C$60.00 to C$58.50 in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on Stelco from C$50.00 to C$47.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 11th. Finally, BMO Capital Markets reduced their price objective on Stelco from C$58.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Monday, June 10th.

Read Our Latest Research Report on Stelco

Stelco Trading Down 0.3 %

STLC opened at C$36.95 on Wednesday. Stelco has a 52 week low of C$32.93 and a 52 week high of C$51.10. The business has a fifty day simple moving average of C$40.54 and a 200-day simple moving average of C$42.62. The firm has a market cap of C$2.03 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.03 and a beta of 2.40. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 58.19.

Stelco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 24th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Thursday, May 16th. Stelco’s dividend payout ratio is presently 49.50%.

About Stelco

(Get Free Report

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.

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Analyst Recommendations for Stelco (TSE:STLC)

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