Sherritt International Co. Update
National Bank Financial has revised its Q3 2024 earnings estimates for Sherritt International (TSE:S – Free Report), now expecting a loss of ($0.03) per share, reduced from a previous estimate of $0.02. The full-year earnings estimate is at $0.06 per share. For FY2024, the earnings estimate is ($0.13) per share, and for FY2025, it is ($0.01) per share.
On July 29, Sherritt reported earnings of C($0.03) per share, exceeding expectations of C($0.07) by C$0.04. The company had a negative return on equity of 20.46% and net income margin of 86.00%, with revenues of C$51.40 million.
Additionally, National Bankshares reduced its price target for Sherritt shares from C$0.50 to C$0.35, maintaining a “sector perform” rating.
Sherritt International Stock Performance
The stock opened at C$0.20 on Thursday. The company has a market cap of C$77.47 million, a debt-to-equity ratio of 65.78, and a beta of 1.53. Over the past year, shares have traded between C$0.19 and C$0.44.
About Sherritt International
Sherritt International engages in mining and selling nickel and cobalt globally while also producing agricultural fertilizers and other chemicals.
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