The Globe and Mail reports in its Friday, Feb. 13, edition that National Bank Financial analyst Shane Nagle continues to rate Sherritt International "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle gave his share target a five-cent trim to 30 cents. Analysts on average target the shares at 20 cents. Mr. Nagle says he expects "challenging operating conditions [to] persist in 2026." Mr. Nagle says in a note: "We maintain our 'sector perform' rating, accounting for improving operational outlook at the Moa JV expansion and positive nickel/cobalt price environment, offset by what have been difficult operating conditions in Cuba and near-term liquidity needs. Our target has come down slightly after incorporating 2026 guidance and additional equity issuance." The Globe reported on Feb. 9, 2024, and April 11, 2025, that Mr. Nagle continued to rank Sherritt "sector perform." It was then worth 29 cents and 13.5 cents.