Sherritt International (TSE:S) had its price target boosted by National Bank Financial from C$0.40 to C$0.60 in a research note published on Thursday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities reduced their price target on Sherritt International from C$0.35 to C$0.30 and set a hold rating for the company in a research report on Friday, August 2nd.

Shares of S stock traded down C$0.01 on Thursday, hitting C$0.32. 199,851 shares of the stock were exchanged, compared to its average volume of 1,366,071. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 74.75. The firm has a market capitalization of $125.14 million and a P/E ratio of -0.57. The business has a 50-day moving average of C$0.27 and a 200 day moving average of C$0.29. Sherritt International has a fifty-two week low of C$0.17 and a fifty-two week high of C$0.89.

Sherritt International (TSE:S) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.08) by C($0.02). The company had revenue of C$46.50 million during the quarter. As a group, research analysts forecast that Sherritt International will post -0.18 EPS for the current fiscal year.

Sherritt International Company Profile

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. It produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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