National Bank Financial Comments on Sherritt International Corp’s FY2019 Earnings (S)

Sherritt International Corp (TSE:S) – Stock analysts at National Bank Financial boosted their FY2019 earnings per share estimates for shares of Sherritt International in a research note issued to investors on Monday. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.04 for the year, up from their prior forecast of $0.02. National Bank Financial currently has a “Outperform” rating and a $2.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. TD Securities lowered their target price on Sherritt International from C$2.50 to C$2.25 in a report on Friday, January 26th. Scotiabank lowered their target price on Sherritt International from C$2.25 to C$1.75 and set a “sector perform” rating for the company in a report on Monday, January 15th.

Sherritt International (TSE S) traded up C$0.09 on Wednesday, hitting C$1.28. 3,445,652 shares of the company were exchanged, compared to its average volume of 3,186,795. Sherritt International has a 1-year low of C$0.74 and a 1-year high of C$1.87. The company has a market cap of $471.51, a PE ratio of -1.07 and a beta of 1.23.

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Sherritt International Company Profile

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.

Earnings History and Estimates for Sherritt International (TSE:S)

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