Sherritt International Corp (TSE:S) – Investment analysts at National Bank Financial cut their FY2018 earnings per share (EPS) estimates for shares of Sherritt International in a research note issued on Monday. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of ($0.11) for the year, down from their previous forecast of ($0.08). National Bank Financial has a “Outperform” rating and a $2.00 price objective on the stock.
A number of other brokerages have also commented on S. TD Securities decreased their price target on shares of Sherritt International from C$2.75 to C$2.50 and set a “speculative buy” rating for the company in a research note on Monday, January 15th. Scotiabank decreased their price target on shares of Sherritt International from C$2.25 to C$1.75 and set a “sector perform” rating for the company in a research note on Monday, January 15th.
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About Sherritt International
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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