Sherritt International Corp (S) Given New C$1.60 Price Target at Scotiabank
Sherritt International Corp (TSE:S) had its price objective lifted by investment analysts at Scotiabank from C$1.30 to C$1.60 in a research note issued on Friday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 22.14% from the company’s previous close.
Several other brokerages have also recently weighed in on S. TD Securities reduced their price target on Sherritt International Corp from C$1.80 to C$1.55 and set a “hold” rating for the company in a research report on Friday, February 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$1.00 price target on shares of Sherritt International Corp in a research report on Thursday, October 20th. Finally, National Bank Financial raised their price objective on Sherritt International Corp from C$1.35 to C$1.55 in a report on Friday, January 13th.
Shares of Sherritt International Corp (TSE:S) traded down 10.69% during mid-day trading on Friday, hitting $1.17. The stock had a trading volume of 2,060,769 shares. The stock’s market cap is $343.85 million. Sherritt International Corp has a one year low of $0.67 and a one year high of $1.67. The firm has a 50 day moving average of $1.42 and a 200-day moving average of $1.09.
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About Sherritt International Corp
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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