Sherritt International Co. (TSE:S – Get Free Report)’s stock price traded down 12.9% during trading on Thursday . The stock traded as low as C$0.14 and last traded at C$0.14. 633,094 shares changed hands during trading, a decline of 56% from the average session volume of 1,432,263 shares. The stock had previously closed at C$0.15.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial set a C$0.30 price target on shares of Sherritt International and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$0.30.
Read Our Latest Stock Analysis on S
Sherritt International Price Performance
Sherritt International (TSE:S – Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$34.00 million for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. On average, equities analysts expect that Sherritt International Co. will post 0.0576923 EPS 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.
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