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

Sherritt International (TSE:S) had its target price trimmed by National Bankshares from C$0.50 to C$0.35 in a report issued on Tuesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Sherritt International Price Performance

Shares of TSE:S opened at C$0.20 on Tuesday. 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 12 month low of C$0.19 and a 12 month high of C$0.44. The stock has a market cap of C$77.47 million, a P/E ratio of -0.61, a P/E/G ratio of 0.02 and a beta of 1.53. The company has a 50 day moving average of C$0.20 and a 200 day moving average of C$0.26.

Sherritt International (TSE:S) last announced its quarterly earnings data on Monday, July 29th. The company reported C($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.07) by C$0.04. The company 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, sell-side 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.