Sherritt International (S) Price Target Raised to C$2.00 at National Bank Financial
Sherritt International (TSE:S) had its price objective lifted by analysts at National Bank Financial from C$1.55 to C$2.00 in a report issued on Monday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 31.58% from the stock’s previous close.
Separately, Scotiabank boosted their price target on shares of Sherritt International from C$1.30 to C$1.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th.
Shares of Sherritt International (TSE S) traded down C$0.09 during midday trading on Monday, hitting C$1.52. 4,226,984 shares of the stock were exchanged, compared to its average volume of 1,889,222. The firm has a market cap of $452.58, a P/E ratio of -1.27 and a beta of 1.53. Sherritt International has a 1 year low of C$0.74 and a 1 year high of C$1.87.
Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.
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