Sherritt International (TSE:S) Price Target Cut to C$0.75

Sherritt International (TSE:SGet Rating) had its price target lowered by Scotiabank from C$1.00 to C$0.75 in a research note released on Friday, BayStreet.CA reports.

Several other research firms have also issued reports on S. TD Securities raised shares of Sherritt International from a hold rating to a speculative buy rating and increased their price objective for the stock from C$0.65 to C$0.90 in a research report on Friday, January 14th. National Bank Financial reissued a sector perform spec overwgt rating on shares of Sherritt International in a research report on Thursday, February 10th. Finally, National Bankshares increased their price objective on shares of Sherritt International from C$1.00 to C$1.10 in a research report on Friday, April 8th.

Shares of Sherritt International stock traded up C$0.01 during trading hours on Friday, hitting C$0.61. The company’s stock had a trading volume of 438,307 shares, compared to its average volume of 1,371,965. Sherritt International has a 1-year low of C$0.36 and a 1-year high of C$0.85. The business has a fifty day moving average of C$0.73 and a 200 day moving average of C$0.57. The company has a market capitalization of C$242.35 million and a PE ratio of -13.26. The company has a quick ratio of 1.52, a current ratio of 1.76 and a debt-to-equity ratio of 78.41.

Sherritt International (TSE:SGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.01). The firm had revenue of C$36.60 million for the quarter. On average, sell-side analysts anticipate that Sherritt International will post 0.28 earnings per share for the current fiscal year.

About Sherritt International (Get Rating)

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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