Algoma Central Corporation

ALC

CA0156441077

Marine Freight & Logistics

Market Closed - Toronto S.E. Other stock markets 03:59:05 2024-04-26 pm EDT			5-day change	1st Jan Change
14.6 ^CAD	-0.31%		-1.95%	-2.34%

Mar. 19	Algoma Central Reports Renewal of Normal Course Issue Bid	MT
Mar. 19	Algoma Central Brief: Announcing Renewal of Normal Course Issue Bid	MT

Algoma Central Corporation announces an Equity Buyback for 1,975,857 shares, representing 5% of its issued share capital.

March 19, 2024 at 07:00 am EDT

Algoma Central Corporation (TSX:ALC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 1,975,857 shares, representing 5% of its issued and outstanding share capital. Any shares purchased under the bid will be cancelled.

The program will expire on March 20, 2025. As of March 7, 2024, the company had 39,517,144 shares were issued and outstanding.

Latest news about Algoma Central Corporation

Algoma Central Reports Renewal of Normal Course Issue Bid	Mar. 19	MT
Algoma Central Brief: Announcing Renewal of Normal Course Issue Bid	Mar. 19	MT
Algoma Central Corporation announces an Equity Buyback for 1,975,857 shares, representing 5% of its issued share capital.	Mar. 19	CI
Algoma Central Corporation authorizes a Buyback Plan.	Mar. 18	CI
Algoma Central Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
Algoma Central Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
North American Morning Briefing : Traders Await Inflation Data This Week	Feb. 26	DJ
Tranche Update on Algoma Central Corporation's Equity Buyback Plan announced on March 20, 2023.	Feb. 25	CI
Algoma Central Acquires 2 Additional Vessels	Jan. 18	MT
Algoma Central Corporation Continues to Grow Product Tanker Business with the Acquisition of Two Additional Vessels	Jan. 18	CI
Algoma Central Brief: Says continues to grow product tanker business with Acquisition of two additional vessels	Jan. 18	MT
Algoma Central Announcing 6% Increase In Quarterly Dividend	Jan. 15	MT
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 1, 2024	Jan. 15	CI
Algoma Central Brief: Announcing 6% Increase In Quarterly Dividend	Jan. 15	MT
Electra Battery Materials Appoints 30-year Finance Veteran as CFO and Providing Financing Update	Dec. 29	MT
Algoma Central Brief: On St. Lawrence Seaway Strike, Says "Full impact of the closure is unknown as we are in the process of assessing the repercussions of the delays"	Nov. 03	MT
Algoma Central Brief: Q3 Revenues C$205.9 Million Vs $199.327 Million a Year Earlier	Nov. 03	MT
Tranche Update on Algoma Central Corporation's Equity Buyback Plan announced on March 20, 2023.	Nov. 03	CI
Algoma Central Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 03	CI
Algoma Central Corporation Approves Quarterly Dividend to Be Paid on December 1, 2023	Nov. 03	CI
Algoma Central, Furetank Co-Order Two Additional Newbuilds	23-09-14	MT
Algoma Central Brief: Algoma and Furetank Co-Order Two Additional Newbuilds	23-09-14	MT
Algoma Central Corporation and Furetank Co-Order Two Additional Newbuilds	23-09-14	CI
Algoma Central Reports Q2 2023 Revenue of $202.4 Million, Provides Outlook	23-08-04	MT
Tranche Update on Algoma Central Corporation's Equity Buyback Plan announced on March 20, 2023.	23-08-04	CI

Chart Algoma Central Corporation

Duration

Period

More charts

Company Profile

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriersâ, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Companyâs 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.

Sector

Marine Freight & Logistics

Calendar

2024-04-30 - Q1 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

14.6 CAD

Average target price

18.5 CAD

Spread / Average Target

+26.71%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Inland Water Freight

	1st Jan change	Capi.
ALGOMA CENTRAL CORPORATION	-2.34%	422M
KIRBY CORPORATION	+42.71%	6.55B
NINGBO MARINE COMPANY LIMITED	-11.75%	538M
SOUTH LOGISTICS	-3.89%	182M
TREVISA INVESTIMENTOS S.A.	-1.81%	63.62M

Inland Water Freight