Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic sources primarily in Canada and Cuba. It operates through Moa Joint Venture and Fort Site, Metals Other, Oil and Gas, Power, and Technologies segments. The company produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada. It also explores for and produces oil and gas primarily from offshore reservoirs located in the north coast of Cuba. In addition, the company generates and sells electricity from natural gas and steam from the waste heat with a generating capacity of 506 megawatts, as well as provides technical support, process optimization, and technology development services. It operates two combined cycle plants at Varadero and Boca de Jaruco. The company was incorporated in 1927 and is based in Toronto, Canada.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Scotiabank lifted their target price on shares of Sherritt International from C$0.50 to C$0.55 in a report on Tuesday, August 2nd. National Bankshares increased their price objective on shares of Sherritt International from C$0.60 to C$0.70 and gave the company a "sector perform" rating in a research report on Friday, July 29th.
Sherritt International Trading Up 2.3 %
S Stock traded up C$0.01 during mid-day trading on Friday, reaching C$0.44. The company's stock had a trading volume of 52,774 shares, compared to its average volume of 1,013,524. The company has a market cap of C$174.80 million and a price-to-earnings ratio of 1.79. Sherritt International has a 12 month low of C$0.31 and a 12 month high of C$0.85. The company has a current ratio of 1.52, a quick ratio of 1.28 and a debt-to-equity ratio of 58.93. The business's 50 day moving average price is C$0.44 and its 200 day moving average price is C$0.59.
Sherritt International (TSE:S - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported C$0.17 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.03. The firm had revenue of C$65.90 million for the quarter. On average, equities research analysts predict that Sherritt International will post 0.18 EPS for the current year.