Sherritt International (TSE:S) Trading Up 9.1% – Here’s What Happened

Sherritt International Co. (TSE:S) was up 9.1% during trading on Tuesday . The company traded as high as C$0.13 and last traded at C$0.12. Approximately 1,227,088 shares changed hands during trading, a decline of 5% from the average daily volume of 1,290,020 shares. The stock had previously closed at C$0.11.

Key Headlines Impacting Sherritt International

Here are the key news stories impacting Sherritt International this week:

• Positive Sentiment: Sherritt said it entered a non-binding term sheet and preliminary deal to sell a controlling stake in its Cuban joint venture and mining assets to Gillon Capital, which could help the company avoid U.S. sanctions risk tied to Cuba and potentially preserve value. Article Title
• Neutral Sentiment: The company reversed course on its earlier plan to dissolve the Cuban joint venture, signaling that management is still weighing strategic options and that the final structure of any transaction is not yet locked in. Article Title
• Negative Sentiment: The deal remains non-binding and preliminary, so there is still execution risk and uncertainty around whether Sherritt can complete a transaction that fully addresses its Cuba exposure. Article Title

Wall Street Analysts Forecast Growth

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

Sherritt International Stock Performance

The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28. The company has a market capitalization of C$84.39 million, a P/E ratio of -0.86, a price-to-earnings-growth ratio of 0.02 and a beta of -0.45. The business has a 50 day moving average of C$0.22 and a 200-day moving average of C$0.20.

Sherritt International (TSE:S) last released its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) earnings per share (EPS) for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The company had revenue of C$163.20 million for the quarter. On average, sell-side analysts predict that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

About Sherritt International

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.