Sherritt International (TSE:S) Given New C$0.40 Price Target at National Bank Financial

Sherritt International (TSE:S) had its price objective trimmed by National Bank Financial from C$0.75 to C$0.40 in a research report sent to investors on Friday, June 28th, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, TD Securities lowered their price objective on shares of West Fraser Timber from C$83.00 to C$80.00 and set a buy rating on the stock in a research note on Monday, April 29th.

S traded up C$0.02 during midday trading on Friday, hitting C$0.31. 3,842,600 shares of the company traded hands, compared to its average volume of 1,460,887. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 67.04. The firm has a market cap of $107.27 million and a price-to-earnings ratio of -0.95. The firm has a 50-day moving average of C$0.20. Sherritt International has a 52 week low of C$0.17 and a 52 week high of C$1.04.

Sherritt International (TSE:S) last posted its earnings results on Thursday, April 25th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.09). The business had revenue of C$31.90 million for the quarter. On average, analysts expect that Sherritt International will post -0.1 EPS for the current 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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