Sherritt International (TSE:S) Price Target Raised to C$0.35 at National Bankshares

Sherritt International (TSE:S) had its price objective raised by analysts at National Bankshares from C$0.20 to C$0.35 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 37.25% from the company’s previous close.

Sherritt International Stock Up 2.0%

Shares of TSE S traded up C$0.01 during midday trading on Thursday, hitting C$0.26. 685,530 shares of the company’s stock were exchanged, compared to its average volume of 1,098,809. The firm’s fifty day simple moving average is C$0.20 and its 200-day simple moving average is C$0.16. The company has a market cap of C$126.55 million, a PE ratio of -1.59, a P/E/G ratio of 0.02 and a beta of 0.59. Sherritt International has a twelve month low of C$0.12 and a twelve month high of C$0.29. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24.

Sherritt International (TSE:S) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$39.70 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. Research 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.