TD Securities Trims Sherritt International (S) Target Price to C$2.50

Sherritt International (TSE:S) had its price objective reduced by TD Securities from C$2.75 to C$2.50 in a research note issued to investors on Monday. They currently have a speculative buy rating on the stock.

A number of other analysts also recently issued reports on S. National Bank Financial reaffirmed a sector perform rating on shares of Sherritt International in a research report on Tuesday, October 17th. Scotiabank lifted their target price on Sherritt International from C$1.30 to C$1.50 and gave the company a sector perform rating in a research report on Thursday, October 26th.

Shares of Sherritt International (S) opened at C$1.30 on Monday. The stock has a market capitalization of $383.64, a PE ratio of -1.08 and a beta of 1.53. Sherritt International has a 12-month low of C$0.74 and a 12-month high of C$1.87.

Sherritt International (TSE:S) last released its earnings results on Tuesday, October 24th. The company reported C($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.21). Sherritt International had a negative net margin of 109.79% and a negative return on equity of 33.79%.

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About Sherritt International

Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.

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