Sherritt International (TSE:S) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Sherritt's stock recently crossed above its 200-day moving average (C$0.20), trading as high as C$0.29 and last at C$0.27 with about 649,783 shares changing hands and a 50-day MA of C$0.23.
• Analysts are cautious: National Bank Financial set a C$0.30 target and a "sector perform" rating, and the consensus rating is Hold with an average target of C$0.30.
• Fundamentals remain weak — the company reported EPS of C($0.03) last quarter, a negative net margin (~86%) and negative ROE, yet it operates the only significant cobalt refinery and one of three nickel refineries in North America, giving it strategic importance in critical minerals processing.

Sherritt International Co. (TSE:S - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.20 and traded as high as C$0.29. Sherritt International shares last traded at C$0.27, with a volume of 649,783 shares changing hands.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$0.30.

Sherritt International Trading Up 1.9%

The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The business has a 50-day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.20. The stock has a market cap of C$186.37 million, a price-to-earnings ratio of -1.89, a P/E/G ratio of 0.02 and a beta of -0.51.

Sherritt International (TSE:S - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$163.20 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. Equities analysts forecast 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.

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