Sherritt International (TSE:S) PT Lowered to C$0.50

Sherritt International (TSE:SGet Free Report) had its target price decreased by equities research analysts at National Bankshares from C$0.55 to C$0.50 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 72.41% from the company’s previous close.

Separately, TD Securities lowered shares of Sherritt International from a “speculative buy” rating to a “hold” rating and lowered their target price for the stock from C$0.85 to C$0.55 in a research report on Friday, November 3rd.

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Sherritt International Trading Up 3.6 %

Shares of Sherritt International stock opened at C$0.29 on Friday. Sherritt International has a 52-week low of C$0.26 and a 52-week high of C$0.62. The company has a quick ratio of 1.24, a current ratio of 1.54 and a debt-to-equity ratio of 48.16. The company’s 50-day simple moving average is C$0.30 and its 200-day simple moving average is C$0.38. The firm has a market cap of C$115.21 million, a price-to-earnings ratio of -5.80, a price-to-earnings-growth ratio of 0.02 and a beta of 1.48.

Sherritt International (TSE:SGet Free Report) last issued its earnings results on Wednesday, February 7th. The company reported C($0.07) earnings per share for the quarter, topping the consensus estimate of C($0.12) by C$0.05. Sherritt International had a negative net margin of 7.68% and a negative return on equity of 2.62%. The company had revenue of C$34.80 million for the quarter. As a group, equities research analysts anticipate that Sherritt International will post 0.0872781 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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