STLC.TO - Stelco Holdings Inc.

Toronto - Toronto Delayed Price. Currency in CAD
11.30
-0.16 (-1.40%)
At close: 4:00PM EST
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Previous Close11.46
Open10.60
Bid11.34 x 0
Ask11.35 x 0
Day's Range10.50 - 11.69
52 Week Range8.60 - 21.42
Volume288,851
Avg. Volume169,821
Market Cap1.008B
Beta (3Y Monthly)N/A
PE Ratio (TTM)6.47
EPS (TTM)1.75
Earnings DateNov 13, 2019
Forward Dividend & Yield0.40 (3.51%)
Ex-Dividend Date2019-11-22
1y Target Est14.57
  • Stelco Holdings Inc. Reports Third Quarter 2019 Results
    CNW Group

    Stelco Holdings Inc. Reports Third Quarter 2019 Results

    Stelco Holdings Inc. Reports Third Quarter 2019 Results

  • Can We See Significant Institutional Ownership On The Stelco Holdings Inc. (TSE:STLC) Share Register?
    Simply Wall St.

    Can We See Significant Institutional Ownership On The Stelco Holdings Inc. (TSE:STLC) Share Register?

    Every investor in Stelco Holdings Inc. (TSE:STLC) should be aware of the most powerful shareholder groups...

  • Stelco Announces $100 Million Term Loan
    CNW Group

    Stelco Announces $100 Million Term Loan

    HAMILTON, ON , Nov. 4, 2019 /CNW/ - Stelco Holdings Inc. ("Stelco" or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco Inc.") has amended its asset-based credit facility ("ABL Credit Facility") to include a $100 million secured term loan due August 2023 (the "Loan"). The interest rate on Loan is, at the Company's election, either (a) the Canadian prime rate plus 1.25% - 1.75% or (b) CDOR/ LIBOR plus a margin of 2.25% - 2.75%, in each case, depending on the amount that had been drawn under the ABL Credit Facility and payable monthly. Stelco Inc. intends to use the net proceeds from the Loan for capital expenditures and general corporate purposes.

  • Stelco Holdings Inc. Schedules Third Quarter 2019 Earnings Release and Conference Call
    CNW Group

    Stelco Holdings Inc. Schedules Third Quarter 2019 Earnings Release and Conference Call

    HAMILTON, ON , Oct. 30, 2019 /CNW/ - Stelco Holdings Inc., (STLC.TO), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America , today announced that it plans to release its third quarter 2019 financial results on Wednesday, November 13, 2019 , after the close of the market. Stelco management will host a conference call to discuss its results on Thursday, November 14, 2019 at 9:00 a.m. ET . To access the call, please dial 1-888-390-0605 or 1-416-764-8609 and reference "Stelco".

  • Moody's

    Stelco Inc. -- Moody's withdraws Stelco Inc.'s ratings

    Moody's Investors Service ("Moody's") has withdrawn Stelco Inc.'s B3 corporate family rating (CFR), B3-PD probability of default rating, and B3 senior secured note rating. All ratings were withdrawn because Stelco's proposed issuance of $300 million in senior secured notes was not completed. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

  • Stelco Announces Update Regarding Proposed Private Offering of Senior Secured Notes by Stelco Inc.
    CNW Group

    Stelco Announces Update Regarding Proposed Private Offering of Senior Secured Notes by Stelco Inc.

    Stelco Announces Update Regarding Proposed Private Offering of Senior Secured Notes by Stelco Inc.

  • Moody's

    Stelco Inc. -- Moody's assigns B3 CFR to Stelco Inc; rates new notes B3, outlook stable.

    This is the first time Moody's has rated Stelco. Stelco's new capital structure will consist of a C$375 million ABL revolver which is expected to be largely undrawn at close, and US$300 million of secured notes. Stelco's B3 CFR is constrained by 1) small size (2.5 million net tons/year of steel shipments), 2) a single operating blast furnace, 3) expected cash flow volatility due to volatile steel prices and lack of control over raw material prices, 4) expected adjusted debt/EBITDA leverage of 6x at the end of 2020, 5) execution risks related to its planned blast furnace reline which will shut down the furnace for about 75 days, and a coke battery rejuvenation project and 6) lack of track record at Stelco by the current management group.

  • Stelco Announces Proposed Private Offering of Senior Secured Notes Due 2024 by Stelco Inc.
    CNW Group

    Stelco Announces Proposed Private Offering of Senior Secured Notes Due 2024 by Stelco Inc.

    HAMILTON, ON , Sept. 16, 2019 /CNW/ - Stelco Holdings Inc. ("Stelco " or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco Inc.") intends, subject to market and other conditions, to offer approximately US$300 million in aggregate principal amount of senior secured notes due 2024 (the "Notes"). Stelco Inc. intends to use the net proceeds from the offering for capital expenditures and general corporate purposes, which may include potential acquisitions, joint ventures and strategic alliances or distributions to the Company.

  • Thomson Reuters StreetEvents

    Edited Transcript of STLC.TO earnings conference call or presentation 14-Aug-19 1:00pm GMT

    Q2 2019 Stelco Holdings Inc Earnings Call

  • Stelco Holdings Inc. Reports Second Quarter 2019 Results
    CNW Group

    Stelco Holdings Inc. Reports Second Quarter 2019 Results

    Stelco Holdings Inc. Reports Second Quarter 2019 Results

  • Stelco Holdings Inc. Schedules Second Quarter 2019 Earnings Release and Conference Call
    CNW Group

    Stelco Holdings Inc. Schedules Second Quarter 2019 Earnings Release and Conference Call

    HAMILTON, ON , July 31, 2019 /CNW/ - Stelco Holdings Inc., (STLC.TO), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America , today announced that it plans to release its second quarter 2019 financial results on Tuesday, August 13, 2019 , after the close of the market. Stelco management will host a conference call to discuss its results on Wednesday, August 14, 2019 at 9:00 a.m. ET .  To access the call, please dial 1-888-390-0605 or 1-416-764-8609 and reference "Stelco". The conference call will also be webcasted live on the Investor Relations section of Stelco's web site at https://www.stelco.com/investors.

  • Stelco Announces Completion of its Batch Anneal Production Facility and Entrance to the Fully Processed Cold-Rolled Sheet Market
    CNW Group

    Stelco Announces Completion of its Batch Anneal Production Facility and Entrance to the Fully Processed Cold-Rolled Sheet Market

    HAMILTON, ON , June 27, 2019 /CNW/ - Stelco Holdings Inc. ("Stelco Holdings" or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco"), has, after investing more than $30 million , commissioned a state-of-the-art batch annealing facility and is starting shipment of fully processed, annealed cold-rolled steel sheet. The restart of a modernized and upgraded temper mill, along with installation of new annealing furnaces, will allow Stelco to add a full range of up to 200,000 net tons of fully processed cold-rolled steel to its product mix. With completion of this project, Stelco will now be able to increase service to markets that demand these high-quality products such as the automotive, appliance and service centre markets, as well as the pre-painted steel market for architectural applications.

  • Stelco Announces Selection of Strategic Co-Generation Partner
    CNW Group

    Stelco Announces Selection of Strategic Co-Generation Partner

    HAMILTON, ON , June 6, 2019 /CNW/ - Stelco Holdings Inc. ("Stelco Holdings" or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco"), has reached an agreement with DTE Energy Services, Inc. ("DTE") as its exclusive development partner to pursue the further development of a strategic cogeneration project at Stelco's Lake Erie facility in Nanticoke, Ontario . The partnership between Stelco and DTE represents an important next step towards the construction and commissioning of cogeneration capacity that will serve to reduce the Company's costs by utilizing excess industrial gases and reducing exposure to peak electricity pricing.

  • Stelco Announces Voting Results of Annual Meeting
    CNW Group

    Stelco Announces Voting Results of Annual Meeting

    Stelco Announces Voting Results of Annual Meeting

  • U.S. lifts tariffs on Canadian, Mexican metals in boost for trade pact
    Reuters

    U.S. lifts tariffs on Canadian, Mexican metals in boost for trade pact

    WASHINGTON/OTTAWA (Reuters) - The United States struck deals on Friday to lift tariffs on steel and aluminium imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. The separate agreements, which will not impose U.S. quotas on Canadian and Mexican metals shipments, will also eliminate Mexican and Canadian retaliatory tariffs on a broad range of U.S. products, including pork, beef and bourbon. The United States and Canada said their agreement will be implemented by Sunday afternoon, and includes new curbs aimed at preventing dumped steel and aluminium from China and other countries from entering the U.S. market via Canada.

  • Stelco Announces Acquisition of Remaining Former Stelco Hamilton Lands
    CNW Group

    Stelco Announces Acquisition of Remaining Former Stelco Hamilton Lands

    HAMILTON, ON , May 8, 2019 /CNW/ - Stelco Holdings Inc. ("Stelco Holdings" or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco"), has completed the acquisition of the remaining ~37 acres of land, which includes buildings of approximately 500,000 SF of industrial space and 100,000 SF of office space (the "Remaining Lands") located adjacent to Stelco's Hamilton Works operations, which is currently comprised of approximately 760 acres of property purchased by Stelco in June 2018 . The Remaining Lands were purchased from Legacy Lands Limited Partnership for an aggregate purchase price of $20 million and completes the return to Stelco of control over all of the Hamilton Works lands (the "Lands") previously held by it prior to the commencement of the CCAA proceedings.

  • Thomson Reuters StreetEvents

    Edited Transcript of STLC.TO earnings conference call or presentation 2-May-19 1:00pm GMT

    Q1 2019 Stelco Holdings Inc Earnings Call

  • Stelco Holdings Inc. Reports First Quarter 2019 Results
    CNW Group

    Stelco Holdings Inc. Reports First Quarter 2019 Results

    Stelco Holdings Inc. Reports First Quarter 2019 Results

  • Stelco Holdings Inc. Schedules First Quarter 2019 Earnings Release and Conference Call
    CNW Group

    Stelco Holdings Inc. Schedules First Quarter 2019 Earnings Release and Conference Call

    HAMILTON, ON , April 23, 2019 /CNW/ - Stelco Holdings Inc., (STLC.TO), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America , today announced that it plans to release its first quarter 2019 financial results on Wednesday, May 1, 2019 , after the close of the market. Stelco management will host a conference call to discuss its results on Thursday, May 2, 2019 at 9:00 a.m. ET .  To access the call, please dial 1-888-390-0605 or 1-416-764-8609 and reference "Stelco". The conference call will also be webcasted live on the Investor Relations section of Stelco's web site at https://www.stelco.com/investors.