Scotiabank Reiterates Underperform Rating for Sherritt International Corp (S)

Scotiabank reissued their underperform rating on shares of Sherritt International Corp (TSE:S) in a report released on Thursday, July 27th. The brokerage currently has a C$0.85 price target on the stock.

Separately, TD Securities reaffirmed a hold rating and issued a C$1.50 target price on shares of Sherritt International Corp in a research note on Thursday, April 27th.

Sherritt International Corp (TSE S) traded down 2.99% during trading on Thursday, hitting $0.81. The company’s stock had a trading volume of 682,779 shares. The firm has a 50 day moving average of $0.81 and a 200 day moving average of $0.97. Sherritt International Corp has a 12 month low of $0.74 and a 12 month high of $1.67. The firm’s market cap is $238.63 million.

Sherritt International Corp (TSE:S) last released its quarterly earnings data on Wednesday, July 26th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.26. Sherritt International Corp had a negative net margin of 132.68% and a negative return on equity of 43.19%. The business had revenue of $76.80 million during the quarter. Equities research analysts predict that Sherritt International Corp will post ($0.95) earnings per share for the current year.

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Sherritt International Corp Company Profile

Sherritt International Corporation engages in mining and refining nickel from lateritic ores in Canada, Cuba, and Madagascar. It operates through Moa JV and Fort Site, Ambatovy JV, Metals, Oil and Gas, Power, and Corporate and Other segments. The Moa JV and Fort Site segment is involved in mining, processing, and refining of nickel and cobalt; and the production and sale of agricultural fertilizers.

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