Stelco Holdings Inc.

Equities

STLC

CA8585221051

Iron & Steel

Market Closed - Toronto S.E. 01:30:00 16/07/2024 am IST 5-day change 1st Jan Change
65 CAD +73.98% Intraday chart for Stelco Holdings Inc. +82.69% +29.51%
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Energy shares lift Toronto market to record closing high RE
TSX Closer: The Market Posts Another Record Close on Resource Issues and Rate-Cut Hopes MT
TSX up 133 Points at Midday With Energy The Biggest Gainer MT
TSX hits record high; markets see higher odds of Trump win RE
Stelco Soars 73% as Cleveland-Cliffs to Acquire Stelco for US$2.5 Billion MT
Stelco Brief: National Bank Moving to "Tender" From Outperform Rating, Target Raised To C$70 From $52 on "More Than Fair" Cleveland Cliffs Bid MT
Stelco Brief: Up More Than 70% at Near C$65 Per Share After NYSE's Cleveland-Cliffs Moves to Buy It for C$70 per Share MT
Stelco Brief: Moody's Ratings States Cleveland-Cliffs' acquisition of Stelco is Credit Positive; Ratings Remain Unchanged MT
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday as Investors Bet on a Trump Win MT
Transcript : Cleveland-Cliffs Inc., Stelco Holdings Inc. - M&A Call
TSX futures muted; dollar strengthens on increased Trump presidency bets RE
Cleveland-Cliffs to Acquire Stelco for US$2.5 Billion MT
Cleveland-Cliffs Agrees to Acquire Stelco in Mix of Cash, Share Deal MT
Stelco Brief: Consideration represents an 87% premium to Stelco's closing share price of C$37.36 on July 12, 2024, and a 37% premium to Stelco's 52-week high MT
Stelco Brief: Total enterprise value pursuant to the Transaction is approximately C$3.4 billion MT
Stelco Brief: Purchase Price Consisting of C$60.00 in cash and 0.454 of a share of Cliffs common stock (equivalent to C$10.00 based on the closing price of Cliffs common stock on July 12, 2024) per Stelco share MT
Stelco Brief: NYSE's Cleveland-Cliffs to Buy Stelco for C$70 per Share MT
Cleveland Cliffs to buy Canadian steelmaker Stelco in $2.5 billion deal RE
Cleveland-Cliffs Inc. entered into a definitive agreement to acquire Stelco Holdings Inc. from Fairfax Financial Holdings Limited, Alan Kestenbaum, an affiliate of Lindsay Goldberg and others for CAD 3.9 billion. CI
Russel Metals, Stelco, Price Targets Cut by RBC Capital Markets MT
Stelco Holdings Inc. Approves the Appointment of Elizabeth Delbianco as Member of the Board CI
Transcript : Stelco Holdings Inc. - Shareholder/Analyst Call
Transcript : Stelco Holdings Inc., Q1 2024 Earnings Call, May 09, 2024
Tranche Update on Stelco Holdings Inc.'s Equity Buyback Plan announced on February 21, 2024. CI
Tranche Update on Stelco Holdings Inc.'s Equity Buyback Plan announced on February 22, 2023. CI
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Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.
More about the company
Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
65 CAD
Average target price
52.42 CAD
Spread / Average Target
-19.36%
Consensus
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  5. Stelco Brief: Total enterprise value pursuant to the Transaction is approximately C$3.4 billion