Scotiabank Increases Sherritt International (TSE:S) Price Target to C$0.55

Sherritt International (TSE:SGet Rating) had its price objective lifted by Scotiabank from C$0.50 to C$0.55 in a report published on Tuesday morning, BayStreet.CA reports.

Separately, National Bankshares increased their price objective on Sherritt International from C$0.60 to C$0.70 and gave the company a sector perform rating in a research note on Friday, July 29th.

Sherritt International Stock Down 3.3 %

Shares of TSE S opened at C$0.45 on Tuesday. Sherritt International has a one year low of C$0.31 and a one year high of C$0.85. The company has a debt-to-equity ratio of 58.93, a current ratio of 1.52 and a quick ratio of 1.28. The firm’s 50 day simple moving average is C$0.45 and its two-hundred day simple moving average is C$0.59. The stock has a market capitalization of C$176.79 million and a P/E ratio of 1.71.

Sherritt International (TSE:SGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.01). The firm had revenue of C$34.10 million during the quarter. As a group, analysts expect that Sherritt International will post 0.16 EPS for the current fiscal year.

Sherritt International Company Profile

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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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