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TSE:ALC
Algoma Central Corp. (ALC.TO)
Financials 
Technical Analysis 
Jun 16, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Algoma Central Corp. (ALC-T) is generating mixed reviews from analysts, with one expert highlighting its unpredictable nature and potential for significant price variation, suggesting it could either soar to $10 or plummet to $1. The firm's analyst points out that while the company does have an interesting narrative, there are concerning balance sheet issues that investors should be aware of, recommending caution. A second expert notes the company's yield is just under 5% and that it operates within a market capitalization of approximately $660 million, providing context for its investment appeal. Overall, both reviews suggest that while there is potential for upside, the stock carries considerable risk and should not be a dominant holding in any portfolio. Investors should only consider committing capital they can afford to lose as the future trajectory of the stock remains difficult to predict.
Owns lots of ships on the Great Lakes and trans-ocean. Very capital intensive, renewing its fleet, spending 100s of millions of dollars. Economically cyclical. In Q1, usually loses money; this year, lost less. Cautious 2024 outlook. Illiquid, trades almost by appointment.
Note that there are some convertible shares coming on the market at the end of this month, and as a result this might depress the stock price.
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Premium contentOur PAST TOP PICK with ALC has triggered its stop at $14.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 5%, when combined with the previous recommendations.
Premium contentWe reiterate this marine bulk transport business as a TOP PICK. Recently reported revenues were up 10% over the year. Management expects a return to full fleet utilization for the balance of the year. It trades at 7x earnings and under book value, while supporting a 15% ROE. It pays a good dividend, backed by a payout ratio under 30% of cash flow. We recommend trailing up the stop (from $13.50) to $14.50, looking to achieve $22.00 -- upside potential over 40%. Yield 4.5%
(Analysts’ price target is $22.50)Premium contentFormerly known as Algoma Central Railway, this Ontario based bulk shipping company is a TOP PICK. The company recently announced the order of two additional refined product tankers to be contracted to Irving Oil. Cash reserves are growing, while the company reduces debt and buys back shares. It trades under book value and 8x earnings, while supporting an 18% ROE. It pays a nice dividend, backed by a payout ratio under 25% of cash flow. We recommend placing a stop-loss at $13.50, looking to achieve $22.50 -- upside potential of 45%. Yield 4.5%
(Analysts’ price target is $22.75)
Norman LevineIt is a shipper. It is a tough business. You often end up with empty ships doing a ‘dry’ run. This one has been rather consistent, but their return on capital is usually 5%, and is down to 2% right now. A year ago it was down to 1%. He likes improving return on capital. If it gets back to 5%, the stock would be worth about $20. We need to see that improvement. There is a small amount of evidence that the return on capital is improving.
A very well-run company. It ships goods across the Great Lakes and owns assets in ocean shipping. This is now trading below BV. A cyclical business. It could easily recover if the Canadian economy starts to improve. If you are looking for value, he wouldn’t hesitate to Buy. The company is doing all the right things. They are keeping their costs under control and using their balance sheet to improve their ships.
Barry Schwartz(A Top Pick Dec 1/14. Down 5.23%.) A small company that runs shipping vessels in the Great Lakes and also owns a share in an ocean shipping Company. The big news on this is that they have announced they are looking to sell their real estate, and he thinks there is an embedded value of $5 a share, and doesn’t think this is reflected in the stock price. He can see upside well into the $20-$25 range.
Barry Schwartz
(A Top Pick Aug 21/14. Down 2.57%.) The great shipping line on the Great Lakes. A very sensible long-term Hold. Pays a small dividend. If you own, continue to Hold.
Michael Smedley(A Top Pick Aug 21/14. Up 11.09%.) This is a great fleet of commercial ships on the Great Lakes. Clearly one of those good stocks in safe waters in the current market. Pays a dividend. A good safe haven.
Michael SmedleyInfrastructure is very important and these are long life assets. Shipping is never going to go away and they have ordered a bunch of new ships. Just reported their 4th quarter. Thinks normalized earnings for 2014 were about $1.20 a share and he is looking for $1.30-$1.40 a share in 2015. This is dirt cheap.
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Algoma Central Corp. (ALC.TO) Frequently Asked Questions
What is Algoma Central Corp. stock symbol?
Algoma Central Corp. is a Canadian stock, trading under the symbol ALC.TO (previously ALC-T on Stockchase) on the Toronto Stock Exchange (ALC-CT). It is usually referred to as TSX:ALC or ALC.TO
Is Algoma Central Corp. a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on ALC.TO (previously ALC-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for Algoma Central Corp..
Is Algoma Central Corp. a good investment or a top pick?
Algoma Central Corp. was recommended as a Top Pick by Barry Schwartz on 2015-02-24. Read the latest stock experts ratings for Algoma Central Corp..
Why is Algoma Central Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Algoma Central Corp..
Is Algoma Central Corp. worth watching?
Algoma Central Corp. is followed by 33 investors on Stockchase and is a trending stock that is worth watching.
What is Algoma Central Corp. stock price?
On 2026-06-16, Algoma Central Corp. (ALC.TO) stock closed at a price of $22.13.
Anthony runs his firm's "dark horse" fund, and he'd say this name is one of the more interesting ones. The firm owns a bit. Anthony would say the stock's either going to be $10 or $1, but really hard to predict. Story is far from played out. Balance sheet issues.
Buckle up. Don't make it a massive weight in your portfolio. Make sure it's capital you can risk.