Sherritt International (S) Gets a Buy Rating from TD Securities
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.
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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.