Sherritt International (TSE:S) Shares Up 7.7% – Still a Buy?

Shares of Sherritt International Co. (TSE:S) shot up 7.7% on Tuesday . The company traded as high as C$0.14 and last traded at C$0.14. 224,958 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,207,934 shares. The stock had previously closed at C$0.13.

Analyst Ratings Changes

Separately, National Bank Financial set a C$0.30 target price on Sherritt International and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sherritt International has an average rating of “Hold” and a consensus target price of C$0.30.

Sherritt International Price Performance

The firm has a market capitalization of C$77.36 million, a P/E ratio of -0.79, a P/E/G ratio of 0.02 and a beta of -0.45. The stock’s 50 day simple moving average is C$0.23 and its 200 day simple moving average is C$0.20. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

Sherritt International (TSE:S) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$163.20 million for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. As a group, analysts expect that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal year.

Sherritt International Company Profile

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.