Sherritt International (TSE:S) Stock Price Expected to Rise, National Bankshares Analyst Says

Sherritt International (TSE:S) had its price objective upped by National Bankshares from C$0.20 to C$0.35 in a research note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 37.25% from the company’s current price.

Sherritt International Stock Performance

S stock traded up C$0.01 on Thursday, hitting C$0.26. The company’s stock had a trading volume of 685,530 shares, compared to its average volume of 1,098,809. The stock has a market cap of C$126.55 million, a price-to-earnings ratio of -1.59, a price-to-earnings-growth ratio of 0.02 and a beta of 0.59. The firm has a 50 day moving average of C$0.20 and a two-hundred day moving average of C$0.16. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. Sherritt International has a 1 year low of C$0.12 and a 1 year high of C$0.29.

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

Sherritt International Company Profile

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.