National Bank Financial Comments on Sherritt International Co.’s FY2022 Earnings (TSE:S)

Sherritt International Co. (TSE:S) – Equities research analysts at National Bank Financial lifted their FY2022 earnings per share (EPS) estimates for shares of Sherritt International in a research note issued to investors on Thursday, September 9th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.19 per share for the year, up from their previous forecast of $0.15. National Bank Financial currently has a “Sector Perform” rating and a $0.55 target price on the stock.

S has been the topic of several other reports. TD Securities boosted their price target on Sherritt International from C$0.65 to C$0.70 and gave the stock a “na” rating in a research report on Wednesday, June 30th. Scotiabank boosted their target price on shares of Sherritt International from C$0.30 to C$0.40 in a research report on Monday, July 12th. Finally, National Bankshares lowered their price target on shares of Sherritt International from C$0.60 to C$0.55 and set a “sector perform” rating for the company in a report on Friday, September 10th.

S opened at C$0.48 on Monday. Sherritt International has a 52-week low of C$0.18 and a 52-week high of C$0.70. The company has a 50 day moving average of C$0.46 and a two-hundred day moving average of C$0.51. The company has a market cap of C$188.71 million and a P/E ratio of 1.15. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 79.30.

Sherritt International Company Profile

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Canada and Cuba. The company operates through Moa Joint Venture and Fort Site, Metals Other, Oil and Gas, Power, and Technologies and Corporate segments It produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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