Scotiabank Reaffirms Underperform Rating for Sherritt International Corp (TSE:S)
Scotiabank restated their underperform rating on shares of Sherritt International Corp (TSE:S) in a research report report published on Thursday. They currently have a C$0.85 price objective on the stock.
Separately, TD Securities reiterated a hold rating and set a C$1.50 price target on shares of Sherritt International Corp in a report on Thursday, April 27th.
Sherritt International Corp (TSE S) opened at 0.84 on Thursday. The firm’s market capitalization is $247.47 million. Sherritt International Corp has a 12-month low of $0.74 and a 12-month high of $1.67. The company’s 50 day moving average price is $0.80 and its 200-day moving average price is $1.00.
Sherritt International Corp (TSE:S) last issued its quarterly earnings results on Wednesday, July 26th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.26. The business had revenue of $76.80 million for the quarter. Sherritt International Corp had a negative return on equity of 27.65% and a negative net margin of 100.28%. On average, equities analysts anticipate that Sherritt International Corp will post ($0.77) earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Scotiabank Reaffirms Underperform Rating for Sherritt International Corp (TSE:S)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/scotiabank-reaffirms-underperform-rating-for-sherritt-international-corp-tses/1463305.html.
About Sherritt International Corp
Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.
Receive News & Ratings for Sherritt International Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherritt International Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.