Sherritt International (TSE:S) Shares Down 3.4% – What’s Next?

Sherritt International Co. (TSE:S) fell 3.4% during trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.28. 26,915 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,004,088 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their price objective on shares of Sherritt International from C$0.20 to C$0.35 in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$0.35.

Sherritt International Price Performance

The stock has a market capitalization of C$126.55 million, a price-to-earnings ratio of -1.82, a P/E/G ratio of 0.02 and a beta of -0.51. 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’s 50 day simple moving average is C$0.21 and its 200-day simple moving average is C$0.18.

Sherritt International (TSE:S) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$163.20 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. On average, research analysts forecast that Sherritt International Co. will post 0.0576923 earnings per share for the current 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.