Sherritt International (TSE:S) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sherritt International reported strong operational performance in the third quarter of 2024, with significant improvements in net direct cash costs and increased liquidity in Canada. The company’s Metals division achieved its highest quarterly nickel production in two years, while the Power division saw record electricity output in nine years. Despite lower metal prices, Sherritt’s strategic initiatives in cost reduction and expansion are expected to enhance profitability and increase dividends.
For further insights into TSE:S stock, check out TipRanks’ Stock Analysis page.
