Stelco (STLC) Trading Up 6.8%

Stelco Holdings Inc (TSE:STLC) was up 6.8% on Tuesday . The company traded as high as C$26.24 and last traded at C$25.85. Approximately 7,938 shares traded hands during trading, a decline of 74% from the average daily volume of 30,770 shares. The stock had previously closed at C$24.20.

A number of equities research analysts have weighed in on STLC shares. CSFB lifted their price target on shares of Stelco from C$29.00 to C$32.00 in a research report on Wednesday, February 7th. BMO Capital Markets reiterated an “outperform” rating and set a C$25.00 price target on shares of Stelco in a research report on Wednesday, December 13th.

The stock has a market capitalization of $2,150.00 and a PE ratio of 0.62.

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Stelco Company Profile

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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