Sherritt International Co. (TSE:S – Get Free Report) shares traded down 7.4% during mid-day trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.32. 437,507 shares were traded during mid-day trading, an increase of 52% from the average session volume of 288,085 shares. The stock had previously closed at C$0.34.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. TD Securities downgraded Sherritt International from a “speculative buy” rating to a “hold” rating and reduced their target price for the company from C$0.85 to C$0.55 in a research report on Friday, November 3rd. National Bankshares reduced their price target on shares of Sherritt International from C$0.65 to C$0.60 and set a “sector perform” rating on the stock in a research note on Tuesday, October 17th.
Sherritt International Stock Performance
About Sherritt International
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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