Sherritt International (TSE:S) Price Target Increased to C$0.55 by Analysts at Scotiabank

Sherritt International (TSE:S – Get Rating) had its price target raised by Scotiabank from C$0.50 to C$0.55 in a research report released on Tuesday, BayStreet.CA reports.

Separately, National Bankshares lifted their price target on shares of Sherritt International from C$0.60 to C$0.70 and gave the company a sector perform rating in a research report on Friday, July 29th.

Sherritt International Price Performance

Shares of S opened at C$0.48 on Tuesday. Sherritt International has a twelve month low of C$0.31 and a twelve month high of C$0.85. The stock’s 50 day moving average is C$0.46 and its two-hundred day moving average is C$0.60. The firm has a market capitalization of C$190.70 million and a PE ratio of 1.85. The company has a current ratio of 1.52, a quick ratio of 1.28 and a debt-to-equity ratio of 58.93.

Sherritt International (TSE:S – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.01). The business had revenue of C$34.10 million during the quarter. Research analysts anticipate that Sherritt International will post 0.16 earnings per share for the current year.

About Sherritt International

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Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic sources primarily in Canada and Cuba. It operates through Moa Joint Venture and Fort Site, Metals Other, Oil and Gas, Power, and Technologies segments. The company produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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