Sherritt International (TSE:S) Releases Quarterly Earnings Results

Sherritt International (TSE:S) released its quarterly earnings results on Thursday. The company reported C($0.02) earnings per share for the quarter, FiscalAI reports. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The business had revenue of C$34.00 million for the quarter.

Sherritt International Stock Performance

TSE:S opened at C$0.12 on Friday. Sherritt International has a 1 year low of C$0.11 and a 1 year high of C$0.35. The firm’s fifty day simple moving average is C$0.16 and its 200 day simple moving average is C$0.20. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The firm has a market capitalization of C$84.39 million, a PE ratio of -0.86, a PEG ratio of 0.02 and a beta of -0.62.

Analyst Ratings Changes

Separately, National Bank Financial set a C$0.30 target price on Sherritt International and gave the company a “sector perform” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$0.30.

Sherritt International Company Profile

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.