Sherritt International (TSE:S) Shares Up 9.1% - Still a Buy?

Key Points

• Shares jumped 9.1% to C$0.24 on Monday, but trading volume (575,515 shares) was about 38% below the average session volume.
• National Bank Financial raised its price target from C$0.20 to C$0.35, while the consensus rating remains a Hold with a C$0.35 consensus target.
• Fundamentals are weak—Sherritt reported a quarterly loss of C($0.03) EPS, negative ROE and an -86% net margin—but it operates one of North America's few nickel and cobalt refineries, making it a strategic player in the energy-transition supply chain.

Sherritt International Co. (TSE:S - Get Free Report) traded up 9.1% during mid-day trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24. 575,515 shares were traded during trading, a decline of 38% from the average session volume of 925,639 shares. The stock had previously closed at C$0.22.

Analyst Ratings Changes

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

Sherritt International Trading Up 6.8%

The company has a market capitalization of C$116.63 million, a P/E ratio of -1.68, a PEG ratio of 0.02 and a beta of -0.51. The business has a 50 day moving average price of C$0.21 and a 200 day moving average price of C$0.18. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

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 for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The firm had revenue of C$163.20 million for the quarter. Analysts anticipate 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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