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Sherritt International (TSE:S) Sets New 12-Month Low on Analyst Downgrade

Sherritt International logo with Basic Materials background

Shares of Sherritt International Co. (TSE:S - Get Free Report) hit a new 52-week low during trading on Tuesday after National Bankshares lowered their price target on the stock from C$0.50 to C$0.35. National Bankshares currently has a sector perform rating on the stock. Sherritt International traded as low as C$0.19 and last traded at C$0.20, with a volume of 46041 shares. The stock had previously closed at C$0.19.

Sherritt International Price Performance

The company's 50-day moving average is C$0.20 and its 200-day moving average is C$0.26. The firm has a market cap of C$77.47 million, a price-to-earnings ratio of -0.61, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53. 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 - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The company reported C($0.03) earnings per share for the quarter, topping the consensus estimate of C($0.07) by C$0.04. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. The business had revenue of C$51.40 million during the quarter. Equities research analysts predict that Sherritt International Co. will post 0.056213 earnings per share for the current year.

Sherritt International Company Profile

(Get Free Report)

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.

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