Stelco (OTCMKTS:STZHF) Trading Down 2.2%

Stelco Holdings Inc. (OTCMKTS:STZHFGet Rating)’s share price dropped 2.2% during mid-day trading on Thursday . The company traded as low as $25.28 and last traded at $25.75. Approximately 8,977 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 8,956 shares. The stock had previously closed at $26.34.

STZHF has been the topic of a number of research analyst reports. BNP Paribas raised shares of Stelco to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, March 15th. Scotiabank lifted their target price on shares of Stelco from C$53.00 to C$57.00 in a research note on Thursday, June 2nd. Exane BNP Paribas raised shares of Stelco from an “underperform” rating to an “outperform” rating and set a C$56.00 target price on the stock in a research note on Tuesday, March 15th. Royal Bank of Canada lifted their target price on shares of Stelco from C$61.00 to C$62.00 in a research note on Monday, May 9th. Finally, BMO Capital Markets lowered their target price on shares of Stelco from C$53.00 to C$45.00 in a research note on Friday, February 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.13.

The firm’s 50-day moving average price is $32.57 and its two-hundred day moving average price is $32.76.

Stelco Company Profile (OTCMKTS:STZHF)

Stelco Holdings Inc engages in the production and sale of steel products in Canada, the United States, and internationally. It offers flat-rolled value-added steel, including coated, pre-painted, cold-rolled, and hot-rolled sheet products, as well as pig iron and metallurgical coke. The company sells its products to customers in the construction, automotive, energy, appliance, and pipe and tube industries, as well as to various steel service centers.

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