National Bankshares Lowers Sherritt International (TSE:S) Price Target to C$0.50

Sherritt International (TSE:SFree Report) had its price target decreased by National Bankshares from C$0.55 to C$0.50 in a research report released on Friday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Separately, TD Securities lowered shares of Sherritt International from a speculative buy rating to a hold rating and lowered their target price for the stock from C$0.85 to C$0.55 in a report on Friday, November 3rd.

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Sherritt International Stock Performance

Shares of TSE S opened at C$0.29 on Friday. The firm has a market capitalization of C$115.21 million, a price-to-earnings ratio of -5.80, a PEG ratio of 0.02 and a beta of 1.48. Sherritt International has a one year low of C$0.26 and a one year high of C$0.62. The business has a fifty day simple moving average of C$0.30 and a 200 day simple moving average of C$0.38. The company has a current ratio of 1.54, a quick ratio of 1.24 and a debt-to-equity ratio of 48.16.

Sherritt International (TSE:SGet Free Report) last issued its earnings results on Wednesday, February 7th. The company reported C($0.07) earnings per share for the quarter, beating the consensus estimate of C($0.12) by C$0.05. Sherritt International had a negative net margin of 7.68% and a negative return on equity of 2.62%. The business had revenue of C$34.80 million for the quarter. Sell-side analysts expect that Sherritt International will post 0.0872781 EPS for the current year.

About Sherritt International

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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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