Sherritt International (TSE:S) Trading 6.3% Higher – What’s Next?

Sherritt International Co. (TSE:S) was up 6.3% on Friday . The company traded as high as C$0.13 and last traded at C$0.13. 228,014 shares changed hands during trading, a decline of 83% from the average daily volume of 1,372,499 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$0.30 price target on Sherritt International and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$0.30.

Sherritt International Trading Up 4.2%

The stock has a market cap of C$88.00 million, a PE ratio of -2.08, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73. The firm has a 50-day moving average price of C$0.12 and a 200-day moving average price of C$0.19. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

Sherritt International (TSE:S) last announced its quarterly earnings data on Thursday, June 25th. The company reported C($0.02) 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%. As a group, equities analysts anticipate that Sherritt International Co. will post 0.0576923 EPS 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.