Sherritt International (TSX: S), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from TD Securities’ analyst Greg Barnes, with a C$1.65 price target.
According to TipRanks.com, Barnes is ranked 0 out of 5 stars with an average return of -5.6% and a 36.6% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Hudbay Minerals Inc, and Centerra Gold Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sherritt International with a C$1.58 average price target.
Sherritt International’s market cap is currently C$297.9M and has a P/E ratio of 0.5. The company has a Price to Book ratio of 0.26.
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 Thursday at C$0.75, close to its 52-week low of C$0.73.