Sherritt International (TSE:S) Posts Quarterly Earnings Results

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

Sherritt International Price Performance

Shares of TSE:S remained flat at C$0.12 during trading on Thursday. Sherritt International has a one year low of C$0.11 and a one year high of C$0.35. The company has a 50-day simple moving average of C$0.17 and a 200-day simple moving average of C$0.20. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The firm has a market capitalization of C$84.39 million, a PE ratio of -0.86, a P/E/G ratio of 0.02 and a beta of -0.62.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$0.30 target price on shares of Sherritt International and gave the stock a “sector perform” rating in a research note 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 an average price target 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.