The Materials sector company, Sherritt International (TSX: S), has received a rating update from a Wall Street analyst on October 10. Scotiabank’s analyst Orest Wowkodaw reiterates their Buy rating on the shares, with a C$1.30 price target.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 19.9% and a 52.5% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.
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Sherritt International has an analyst consensus of Moderate Buy, with a price target consensus of C$1.48, which is a 100.0% upside from current levels. In a report released yesterday, TD Securities also reiterated a Buy rating on the stock with a C$1.65 price target.
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The company has a one-year high of C$1.87 and a one-year low of C$0.73. Currently, Sherritt International has an average volume of 739.1K.
Sherritt International Corp. engages in the production and provision of nickel and cobalt from lateritic ores. It operates through the following divisions: Metals, Oil and Gas, Power, and Commercial and Other. The Metals division involves in the nickel and cobalt mining, processing, and refining.
The company’s shares closed on Friday at C$0.74, close to its 52-week low of C$0.73.
