Sherritt International Coverage Initiated at BMO Capital Markets (S)
Equities research analysts at BMO Capital Markets started coverage on shares of Sherritt International (TSE:S) in a research note issued to investors on Friday. The firm set an “outperform” rating and a C$6.50 price target on the stock. BMO Capital Markets’ target price points to a potential upside of 48.06% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Sherritt International from C$5.00 to C$6.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Sherritt International from C$6.50 to C$6.25 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Sherritt International from C$4.50 to C$5.00 in a research note on Thursday, May 1st. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$5.79.
Shares of Sherritt International (TSE:S) traded up 4.56% on Friday, hitting $4.59. The stock had a trading volume of 1,078,423 shares. Sherritt International has a 1-year low of $2.82 and a 1-year high of $4.90. The stock’s 50-day moving average is $4.58 and its 200-day moving average is $3.82. The company’s market cap is $1.363 billion.
Sherritt International (TSE:S) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.05. On average, analysts predict that Sherritt International will post $-0.29 earnings per share for the current fiscal year.
Sherritt International Corporation (TSE:S) is a Canada-based natural resource company, which operates in Canada and Cuba.
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