Sherritt International (TSE:S) PT Lowered to C$0.35 at National Bankshares

Sherritt International (TSE:S) had its target price dropped by stock analysts at National Bankshares from C$0.50 to C$0.35 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 84.21% from the company’s previous close.

Sherritt International Trading Down 5.0 %

Shares of TSE:S opened at C$0.19 on Tuesday. The firm has a market cap of C$75.49 million, a price-to-earnings ratio of -0.59, a PEG ratio of 0.02 and a beta of 1.53. Sherritt International has a 12 month low of C$0.19 and a 12 month high of C$0.44. The company’s fifty day simple moving average is C$0.20 and its 200 day simple moving average is C$0.26. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last released its quarterly earnings results on Monday, July 29th. The company reported C($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.07) by C$0.04. The firm had revenue of C$51.40 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. As a group, research analysts forecast that Sherritt International will post 0.056213 EPS for the current fiscal year.

About Sherritt International

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.