Sherritt International Corp (S) Receives Average Recommendation of “Hold” from Brokerages
Sherritt International Corp (TSE:S) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$1.45.
S has been the topic of several recent research reports. National Bank Financial upped their price objective on Sherritt International Corp from C$0.95 to C$1.10 in a research report on Tuesday, July 26th. TD Securities upped their price objective on Sherritt International Corp from C$0.85 to C$0.95 and gave the company a “hold” rating in a research report on Tuesday, July 26th. Scotiabank restated a “sector perform” rating and issued a C$1.30 price objective on shares of Sherritt International Corp in a research report on Friday, August 5th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a C$1.00 price objective on shares of Sherritt International Corp in a research report on Friday, July 15th.
Shares of Sherritt International Corp (TSE:S) traded up 1.27% during mid-day trading on Tuesday, hitting $0.80. The company’s stock had a trading volume of 461,051 shares. The stock has a 50-day moving average of $0.82 and a 200-day moving average of $0.83. Sherritt International Corp has a 12-month low of $0.53 and a 12-month high of $1.07. The company’s market cap is $235.10 million.
Sherritt International Corp Company Profile
Sherritt International Corp is engaged in mining and refining of nickel from lateritic ores with operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies.
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