Sherritt International (TSE:S) Posts Quarterly Earnings Results

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

Sherritt International Stock Performance

S opened at C$0.12 on Friday. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. Sherritt International has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.35. The company’s 50 day moving average price is C$0.16 and its two-hundred day moving average price is C$0.20. The firm has a market capitalization of C$84.39 million, a price-to-earnings ratio of -0.86, a PEG ratio of 0.02 and a beta of -0.62.

Wall Street Analysts Forecast Growth

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

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.