Sherritt International (S) PT Lowered to C$1.75

Sherritt International (TSE:S) had its price target cut by Scotiabank from C$2.25 to C$1.75 in a research note published on Monday. They currently have a sector perform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. TD Securities dropped their price objective on Sherritt International from C$2.75 to C$2.50 and set a speculative buy rating for the company in a report on Monday. National Bank Financial upped their target price on Sherritt International from C$1.55 to C$2.00 and gave the stock an outperform rating in a report on Monday.

Sherritt International (TSE:S) traded down C$0.04 on Monday, reaching C$1.45. The company had a trading volume of 964,025 shares, compared to its average volume of 1,530,000. Sherritt International has a one year low of C$0.74 and a one year high of C$1.87. The stock has a market cap of $434.60, a PE ratio of -1.21 and a beta of 1.53.

Sherritt International (TSE:S) last posted its quarterly earnings data on Tuesday, October 24th. The company reported C($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.08) by C($0.21). Sherritt International had a negative net margin of 109.79% and a negative return on equity of 33.79%.

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Sherritt International Company Profile

Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.

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