23:18:45 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Sherritt International Corp
Symbol S
Shares Issued 397,288,680
Close 2024-02-09 C$ 0.29
Market Cap C$ 115,213,717
Recent Sedar Documents

Globe says Nagle keeps Sherritt at "sector perform"

2024-02-09 08:24 ET - In the News

The Globe and Mail reports in its Friday, Feb. 9, edition that National Bank Financial analyst Shane Nagle continues to rank Sherritt International "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle trimmed his share target by five cents to 50 cents. Analysts on average target the shares at 58 cents. Mr. Nagle says in a note: "We have maintained our 'sector perform' rating, now at a 50-cent target price, as 2024 guidance shows marginally higher production at a stable cash cost, with wary sentiment given depressed nickel prices. Our rating accounts for an improving operational outlook at the Moa JV offset by a challenging nickel market as well as lower fertilizer/cobalt by-product prices, the company's ongoing debt commitments and need for delivering anticipated growth initiatives at Moa." The Globe reported on Oct. 18 that Mr. Nagle continued to rate Sherritt International "sector perform." The shares could then be had for 42.5 cents. The Globe reported on Nov. 3 that TD Securities analyst Greg Barnes had lowered his recommendation for Sherritt to "hold" from "speculative buy." The shares could then be had for 40 cents.

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