National Bankshares Issues Positive Forecast for Sherritt International (TSE:S) Stock Price

Sherritt International (TSE:S) had its price objective upped by National Bankshares from C$0.20 to C$0.35 in a report issued on Thursday morning,BayStreet.CA reports.

Sherritt International Trading Down 2.0%

S opened at C$0.25 on Thursday. The business has a fifty day moving average price of C$0.20 and a 200 day moving average price of C$0.16. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. Sherritt International has a 12 month low of C$0.12 and a 12 month high of C$0.29. The stock has a market capitalization of C$121.59 million, a price-to-earnings ratio of -1.53, a PEG ratio of 0.02 and a beta of 0.59.

Sherritt International (TSE:S) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The company had revenue of C$39.70 million during the quarter. Sell-side analysts expect that Sherritt International will post 0.0576923 earnings per share for the current fiscal year.

About Sherritt International

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.