Sherritt International (TSE:S) Shares Down 3.4% - What's Next?

Key Points

• Shares fell 3.4% to C$0.28 on Wednesday with volume about 26,915 shares, roughly a 97% decline from the stock's average daily volume.
• National Bank Financial raised its price target from C$0.20 to C$0.35; the stock carries a consensus "Hold" rating and an average target of C$0.35.
• Recent results showed C($0.03) EPS, a negative net margin of 86% and negative ROE, while the company — operating one of North America's few nickel and the only significant cobalt refineries — has a market cap around C$126.6 million.

Shares of Sherritt International Co. (TSE:S - Get Free Report) dropped 3.4% on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 26,915 shares were traded during trading, a decline of 97% from the average daily volume of 1,004,088 shares. The stock had previously closed at C$0.29.

Wall Street Analyst Weigh In

Separately, National Bank Financial increased their price objective on Sherritt International from C$0.20 to C$0.35 in a research report on Thursday, January 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$0.35.

Sherritt International Stock Down 12.1%

The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The stock has a market cap of C$126.55 million, a P/E ratio of -1.82, a PEG ratio of 0.02 and a beta of -0.51. The firm has a 50-day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.18.

Sherritt International (TSE:S - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$163.20 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. Equities research analysts expect that Sherritt International Co. will post 0.0576923 earnings per share 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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