National Bankshares Forecasts Strong Price Appreciation for Sherritt International (TSE:S) Stock

Sherritt International (TSE:S) had its price objective upped by stock analysts at National Bankshares from C$0.20 to C$0.35 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 42.86% from the company’s previous close.

Sherritt International Stock Performance

Shares of S opened at C$0.25 on Thursday. The company’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.16. The firm has a market cap of C$121.59 million, a PE ratio of -1.53, a price-to-earnings-growth ratio of 0.02 and a beta of 0.59. Sherritt International has a 12-month low of C$0.12 and a 12-month high of C$0.29. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($0.03) EPS for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The business had revenue of C$39.70 million during the quarter. As a group, equities analysts predict that Sherritt International will post 0.0576923 EPS for the current year.

Sherritt International Company Profile

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.