Sherritt International (S) Stock Price Down 14.9%

Sherritt International Corp (TSE:S) traded down 14.9% during trading on Friday . The stock traded as low as C$0.32 and last traded at C$0.32. 1,599,958 shares changed hands during trading, an increase of 70% from the average session volume of 940,775 shares. The stock had previously closed at C$0.37.

A number of equities analysts have recently commented on the company. National Bank Financial cut their price target on Sherritt International from C$1.00 to C$0.75 and set a “sector perform” rating for the company in a report on Tuesday, January 29th. TD Securities cut their price target on Sherritt International from C$0.55 to C$0.50 and set a “hold” rating for the company in a report on Wednesday, March 13th.

The company has a debt-to-equity ratio of 62.40, a current ratio of 2.15 and a quick ratio of 1.87. The firm has a market capitalization of $150.96 million and a P/E ratio of -1.86.

Sherritt International (TSE:S) last posted its quarterly earnings data on Wednesday, February 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.05). The business had revenue of C$37.10 million for the quarter. As a group, equities analysts predict that Sherritt International Corp will post -0.141818181818182 EPS for the current fiscal year.

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About Sherritt International (TSE:S)

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. It produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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