Stelco Holdings Inc T.STLC

analysts

[Possibleidiot01]

Some variation between them .

• telco (TSE:STLC) had its price target raised by analysts at Scotiabank from C$45.50 to C$57.00. This represents a 12.0% upside from the current price of C$50.89.
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• Stelco (TSE:STLC) had its price target raised by analysts at National Bankshares, Inc. from C$49.00 to C$51.00. This represents a 0.2% upside from the current price of C$50.89.
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• Stelco (TSE:STLC) had its price target raised by analysts at Eight Capital from C$43.25 to C$48.00. This represents a 5.7% downside from the current price of C$50.89.
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• Stelco (TSE:STLC) had its price target raised by analysts at Cormark from C$59.50 to C$63.00. This represents a 23.8% upside from the current price of C$50.89.

[Stocker46]

Still amazed at Stelco's share price. Up $3.45 today on no apparrent news. Can only assume that investors are buying in to the recent analyst upgrades. High end of the 1st Q Consensus Earnings is 92 cents per share. I assume they will have to blow that number away to stay anywhere close to the current share price ... then again, they just posted their worst quarter in the last 8 and missed

[Eastbank]

Stock up another $2 today...very perplexing given the soft quarter and big miss. Difficult to understand the recent euphoria... but terrific for shareholders!

[TimeScape]

Really not hard to understand the share price.  It moves due to the changes in the price of steel, which bottomed out in the fall at less than $3,500/tonne.  Since then it has moved up significantly to roughly $4,200/tonne.  Stelco's profitability is hugely variable, depending on what the steel price is.  Last year, when steel was over $5,000/tonne, STLC was making $6 - $8

[Stocker46]

I have no idea what you're talking about TimeScape. Stelco's average sales price in 4th Q was $963 per net ton .. 48% lower than 4th Q 2021. Steel prices have gotten better of late (but no where near those of last year) with some predicting they will stabalize in 2023. For HR Coils that likely means somewhere in the $800 to $1000 range (they made it to just over $1000 recently

[Stocker46]

I can't imagine how those who got sucked into selling their shares (over 13 M shares) back to Stelco for $35 are feeling now ... seeing the SP hitting $58 Plus today.

[TimeScape]

Stocker - looking at steel rebar - sorry inadvertantly used $ symbol instead of Yuan.  If you prefer hot rolled, or cold rolled, they're showing a similar pattern.  Both up more than $100/t in the last month.  As I said, prices bottomed in the fall, that's why STLC's selling price and profit was so low in Q4.  Share price is recovering as the steel market firms up

[Stocker46]

Not a problem TimeScape. Thanks for the clarification. I guess my point is that their current SP ($58.66) with a high today of $58.88 is significantly higher than it was for all of 2021 & 2022 ... even after posting record 2021 earnings (EPS of $20.26) in February 2022. Their 2023 EPS is unlikely to reach that of 2022 much less 2021 .. even with the reduced share count.  

[TimeScape]

I would say that the stock price a year ago was abnormally low because the company was still largely viewed as the business that had gone through bankrutcy before, and people didn't believe this was a new, vastly improved business.  Hence the fact that the stock was trading at only about 2 times earnings.  There still is a lot of pessimism about Stelco because of past failures, and