Sherritt International (TSE:S) Price Target Cut to C$0.35

Sherritt International (TSE:S) had its price objective lowered by investment analysts at National Bankshares from C$0.50 to C$0.35 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 84.21% from the stock’s previous close.

Sherritt International Trading Down 5.0 %

Shares of TSE S opened at C$0.19 on Tuesday. Sherritt International has a 1-year low of C$0.19 and a 1-year high of C$0.44. The company has a 50-day moving average of C$0.20 and a two-hundred day moving average of C$0.26. The company has a market cap of C$75.49 million, a PE ratio of -0.59, a P/E/G ratio of 0.02 and a beta of 1.53. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last released its earnings results on Monday, July 29th. The company reported C($0.03) EPS for the quarter, beating the consensus estimate of C($0.07) by C$0.04. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. The company had revenue of C$51.40 million during the quarter. As a group, equities analysts expect that Sherritt International will post 0.056213 earnings per share for the current fiscal year.

About Sherritt International

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.