National Bank Financial Reiterates “C$0.30” Price Target for Sherritt International (TSE:S)

Sherritt International (TSE:S) has been assigned a C$0.30 target price by stock analysts at National Bank Financial in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 2.56% from the company’s previous close.

Sherritt International Stock Performance

S traded up C$0.00 during midday trading on Wednesday, reaching C$0.29. The company had a trading volume of 3,613,127 shares, compared to its average volume of 1,057,881. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The business has a 50-day moving average of C$0.21 and a two-hundred day moving average of C$0.18. The company has a market cap of C$145.16 million, a P/E ratio of -2.09, a P/E/G ratio of 0.02 and a beta of -0.51. Sherritt International has a 1 year low of C$0.12 and a 1 year high of C$0.31.

Sherritt International (TSE:S) last released its earnings results on Tuesday, February 10th. The company reported C($0.03) earnings per share (EPS) for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The business had revenue of C$163.20 million for the quarter. As a group, equities research analysts predict that Sherritt International 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.