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.
Analyst Ratings Changes
A number of analysts recently commented on the company. Scotiabank upped their price objective on Sherritt International from C$0.50 to C$0.55 in a research report on Tuesday, August 2nd. National Bankshares boosted their price target on Sherritt International from C$0.60 to C$0.70 and gave the company a "sector perform" rating in a report on Friday, July 29th.
Sherritt International Price Performance
Shares of TSE:S traded down C$0.02 during mid-day trading on Tuesday, reaching C$0.43. The stock had a trading volume of 517,755 shares, compared to its average volume of 1,025,316. 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 company has a market cap of C$168.85 million and a P/E ratio of 1.63. Sherritt International has a 1 year low of C$0.31 and a 1 year high of C$0.85. 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 issued its quarterly earnings data on Wednesday, July 27th. The company reported C$0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.14 by C$0.03. The company had revenue of C$65.90 million for the quarter. Research analysts expect that Sherritt International will post 0.16 EPS for the current fiscal year.