Brokerages Set Stelco Holdings Inc (TSE:STLC) PT at C$58.25

Stelco Holdings Inc (TSE:STLC - Get Free Report) has been assigned an average rating of "Hold" from the seven brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$58.25.

STLC has been the topic of several research reports. BMO Capital Markets reduced their price target on shares of Stelco from C$58.00 to C$55.00 and set an "outperform" rating on the stock in a research report on Monday, June 10th. Cormark lowered shares of Stelco from a "buy" rating to a "tender" rating and raised their price target for the company from C$58.50 to C$70.00 in a report on Tuesday, July 16th. Stifel Nicolaus lowered Stelco from a "buy" rating to a "hold" rating and increased their price objective for the company from C$47.00 to C$70.00 in a research report on Tuesday, July 16th. JPMorgan Chase & Co. lowered their target price on Stelco from C$50.00 to C$47.00 and set an "overweight" rating for the company in a research note on Tuesday, June 11th. Finally, Royal Bank of Canada upped their price target on Stelco from C$43.00 to C$70.00 in a research note on Tuesday, July 16th.

Stelco Price Performance

Stelco stock traded up C$0.01 on Friday, reaching C$66.75. The company's stock had a trading volume of 361,025 shares, compared to its average volume of 253,866. The business's fifty day moving average price is C$65.66 and its 200 day moving average price is C$49.95. The company has a debt-to-equity ratio of 60.97, a quick ratio of 1.55 and a current ratio of 1.85. The company has a market cap of C$3.63 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 0.03 and a beta of 2.70. Stelco has a twelve month low of C$32.93 and a twelve month high of C$67.29.

Stelco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 26th were paid a $0.75 dividend. The ex-dividend date was Monday, August 19th. This is a boost from Stelco's previous quarterly dividend of $0.50. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.49%. Stelco's dividend payout ratio is 95.54%.

About Stelco

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.