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The latest update is out from Sherritt International ( (TSE:S) ).
Sherritt International has appointed Brian Imrie as the new independent Chair of its Board of Directors, succeeding Leon Binedell and Shelley Brown, who will remain as directors. Imrie’s extensive experience in the mining sector and capital markets is expected to support Sherritt’s growth strategy and board refreshment commitments, aligning with agreements with Ewing Morris & Co. and SC2 Inc. This strategic leadership change aims to enhance Sherritt’s industry positioning and stakeholder relations.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.25 price target. To see the full list of analyst forecasts on Sherritt International stock, see the TSE:S Stock Forecast page.
Spark’s Take on TSE:S Stock
According to Spark, TipRanks’ AI Analyst, TSE:S is a Neutral.
Sherritt International’s overall stock score is primarily impacted by its challenging financial performance, characterized by negative profitability and cash flow issues. Technical analysis provides a neutral outlook, while valuation metrics are unfavorable due to significant losses and the lack of a dividend yield. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on TSE:S stock, click here.
More about Sherritt International
Sherritt International Corporation is a leader in the mining and refining of nickel and cobalt, utilizing hydrometallurgical processes. The company is focused on expanding domestic refining capacity and reducing reliance on foreign sources. It operates a significant refinery in Alberta, Canada, and its Moa Joint Venture has a long mine life with recent expansions. Additionally, Sherritt’s Power division, through Energas, is a major independent energy producer in Cuba.
Average Trading Volume: 269,942
Technical Sentiment Signal: Sell
Current Market Cap: C$67M
For detailed information about S stock, go to TipRanks’ Stock Analysis page.