Sherritt International (TSE:S) Stock Price Up 9.1% – What’s Next?

Shares of Sherritt International Co. (TSE:S) rose 9.1% on Monday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 575,515 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 925,639 shares. The stock had previously closed at C$0.22.

Analyst Upgrades and Downgrades

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

Sherritt International Stock Performance

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 has a 50 day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.18. The firm has a market cap of C$143.92 million, a PE ratio of -2.07, a price-to-earnings-growth ratio of 0.02 and a beta of -0.51.

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

Sherritt International Company Profile

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.