Analyst Price Target is $0.38
▼ -5.72% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Sherritt International in the last 3 months. The average price target is $0.38, with a high forecast of $0.40 and a low forecast of $0.35. The average price target represents a -5.72% upside from the last price of $0.40.
Current Consensus is
The current consensus among 3 contributing investment analysts is to hold stock in Sherritt International.
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. The company also explores for and produces oil and gas primarily from offshore reservoirs located in the north coast of Cuba. It has interests in three production-sharing contracts in Cuba; and working-interests in various oil fields and related production platform located in the Gulf of Valencia in Spain. In addition, the company generates and sells electricity from natural gas and steam facilities with a generating capacity is 506 megawatts, as well as provides technical support, process optimization, and technology development services. It operates two combined cycle plants at Varadero and Boca de Jaruco. Sherritt International Corporation was founded in 1927 and is headquartered in Toronto, Canada.