Sherritt International Co. (TSE:S – Free Report) had its Q3 2024 earnings per share (EPS) estimates lowered by National Bank Financial on October 14. Analyst S. Nagle now expects an EPS of ($0.03), down from a previous estimate of $0.02. The consensus for the full-year earnings is $0.06 per share. Estimates for FY2024 and FY2025 are ($0.13) and ($0.01) EPS, respectively.
In its last earnings report on July 29, Sherritt posted C($0.03) EPS, exceeding the expected C($0.07) by C$0.04. The company recorded a 20.46% negative return on equity and an 86.00% negative net margin, with revenues of C$51.40 million for the quarter.
Additionally, National Bankshares reduced the price target for Sherritt shares from C$0.50 to C$0.35, maintaining a “sector perform” rating.
Sherritt International Stock Performance
Sherritt stock opened at C$0.20 on Thursday. Key metrics include a debt-to-equity ratio of 65.78 and a market cap of C$77.47 million. The stock’s 1-year range is from C$0.19 to C$0.44.
About Sherritt International
Sherritt is involved in mining, processing, and selling nickel and cobalt across various regions, and it also produces agricultural fertilizers and other chemicals.
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