Sherritt International (S) Hits New 12-Month High at $1.71

Sherritt International Corp (TSE:S)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$1.71 and last traded at C$1.58, with a volume of 1229770 shares changing hands. The stock had previously closed at C$1.48.

Several equities analysts have weighed in on the company. National Bank Financial reaffirmed a “sector perform” rating on shares of Sherritt International in a research report on Tuesday, October 17th. Scotiabank lifted their target price on Sherritt International from C$1.30 to C$1.50 and gave the company a “sector perform” rating in a research report on Thursday, October 26th.

The company has a market cap of $468.77, a P/E ratio of -1.32 and a beta of 1.52.

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About Sherritt International

Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and 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, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.

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