The Globe and Mail reports in its Wednesday, Oct. 18, edition that National analyst Bank Shane Nagle cut his share target for Sherritt International to 60 cents from 65 cents ahead of the third quarter earnings season for base metals producers. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle continues to rate Sherritt International "sector perform." Analysts on average target the shares at 90 cents. Mr. Nagle says in a note: "Despite pressure on the copper price from increasing interest rates and recession fears, equities have maintained a fair valuation, suggesting the market has been looking through near-term price/earnings volatility toward the potential of a more favourable copper price environment given the anticipated copper deficit in the coming years and further M&A activity. There is the risk operational underperformance and/or any material impact to any growth initiatives could lead to volatility in share prices." The Globe reported on July 7, 2022, that Mr. Nagle and Rabi Nizami had reaffirmed their "sector perform" call when the shares were worth only 39 cents. The Globe reported on Feb. 14, 2023, that Scotia Capital rated Sherritt "sector perform." It was then worth 54 cents.