Sherritt International Corp (S) Announces Quarterly Earnings Results

Sherritt International Corp (TSE:S) released its quarterly earnings data on Wednesday, July 26th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.26, Yahoo Finance reports. Sherritt International Corp had a negative net margin of 100.28% and a negative return on equity of 27.65%. The company had revenue of $76.80 million for the quarter.

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Shares of Sherritt International Corp (TSE:S) traded down 1.765% on Monday, reaching $0.835. The company’s stock had a trading volume of 266,911 shares. The company’s market cap is $245.99 million. Sherritt International Corp has a 52-week low of $0.74 and a 52-week high of $1.67. The company has a 50 day moving average price of $0.80 and a 200 day moving average price of $0.98.

S has been the subject of several research analyst reports. TD Securities upped their price objective on Sherritt International Corp from C$1.50 to C$2.00 and gave the company a “speculative buy” rating in a report on Tuesday, May 2nd. Scotiabank restated an “underperform” rating and issued a C$0.85 price objective on shares of Sherritt International Corp in a report on Thursday, July 27th.

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About Sherritt International Corp

Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.