Sherritt International (S) Given New C$1.20 Price Target at TD Securities

Sherritt International (TSE:S) had its price objective decreased by TD Securities from C$1.65 to C$1.20 in a research note published on Friday. TD Securities currently has a speculative buy rating on the stock.

Other research analysts have also recently issued reports about the company. Eight Capital reduced their target price on Sherritt International from C$2.15 to C$1.95 in a research report on Thursday. National Bank Financial reduced their target price on Sherritt International from C$1.50 to C$1.25 and set an outperform rating for the company in a research report on Thursday.

Shares of Sherritt International stock traded up C$0.07 during midday trading on Friday, hitting C$0.65. The company had a trading volume of 4,315,800 shares, compared to its average volume of 1,347,055. Sherritt International has a 1-year low of C$0.56 and a 1-year high of C$1.87.

Sherritt International (TSE:S) last announced its quarterly earnings data on Tuesday, July 31st. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The firm had revenue of C$46.50 million for the quarter.

Sherritt International Company Profile

Sherritt International Corporation engages in mining and refining nickel from lateritic ores in Canada, Cuba, and Madagascar. The company operates through Moa JV and Fort Site, Ambatovy JV, Metals Other, Oil and Gas, Power, and Corporate and Other segments. The Moa JV and Fort Site segment is involved in mining, processing, and refining of nickel and cobalt; and the production and sale of agricultural fertilizers.

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