Sherritt International (TSE:S) Shares Up 9.1% – Still a Buy?

Sherritt International Co. (TSE:S)’s share price traded up 9.1% during trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24. 575,515 shares were traded during trading, a decline of 38% from the average session volume of 925,639 shares. The stock had previously closed at C$0.22.

Wall Street Analyst Weigh In

Separately, National Bank Financial boosted their target price on Sherritt International from C$0.20 to C$0.35 in a research note on Thursday, January 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$0.35.

Sherritt International Price Performance

The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The company’s 50-day moving average price is C$0.21 and its 200-day moving average price is C$0.18. The company has a market cap of C$116.63 million, a P/E ratio of -1.68, a P/E/G ratio of 0.02 and a beta of -0.51.

Sherritt International (TSE:S) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$163.20 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. As a group, sell-side analysts predict that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal year.

About Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.