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Sherritt International
(TSX:S)
Sherritt International (S) vs. iShares MSCI Canada ETF (EWC)
Sherritt International Business Overview & Revenue Model
Sherritt International Earnings Call Summary
Sherritt International Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 158.80M | 223.30M | 178.80M | 110.20M | 119.80M | Gross Profit |
| 20.30M | -42.20M | 16.10M | -30.80M | -38.10M | EBIT |
| -43.50M | -43.40M | 79.80M | 29.40M | 94.60M | EBITDA |
| -18.60M | -12.30M | 135.50M | -19.10M | 7.30M | Net Income Common Stockholders |
| -72.80M | -64.60M | 63.50M | -13.40M | -85.70M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 34.30M | 119.10M | 123.90M | 145.60M | 167.40M | Total Assets |
| 1.38B | 1.39B | 1.56B | 1.40B | 1.35B | Total Debt |
| 382.30M | 366.60M | 350.90M | 444.50M | 441.40M | Net Debt |
| 348.00M | 341.40M | 227.00M | 298.90M | 274.00M | Total Liabilities |
| 785.40M | 777.00M | 860.70M | 813.00M | 745.40M | Stockholders Equity |
| 597.40M | 613.60M | 694.90M | 585.00M | 606.80M |
| Cash Flow | Free Cash Flow | |||
| -32.90M | 6.00M | 60.20M | -15.10M | 28.60M | Operating Cash Flow |
| -26.10M | 27.30M | 88.70M | -4.40M | 40.70M | Investing Cash Flow |
| 36.10M | -18.40M | -23.40M | -9.90M | -11.40M | Financing Cash Flow |
| 7.10M | -11.70M | -93.30M | -6.90M | -26.40M |
Sherritt International Technical Analysis
Sherritt International Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | C$79.41M | ― | -12.73% | ― | -12.97% | 38.42% | |
51 Neutral | $2.04B | -1.15 | -21.37% | 3.64% | 2.88% | -30.57% | |
42 Neutral | C$64.35M | ― | -151.63% | ― | ― | -98.97% | |
40 Underperform | C$74.01M | ― | -4.19% | ― | ― | 48.82% | |
39 Underperform | C$48.19M | ― | ― | ― | -24.04% | ||
37 Underperform | C$78.26M | ― | -14.78% | ― | ― | 44.65% | |
26 Underperform | C$64.53M | ― | -399.98% | ― | ― | 7.43% |
Sherritt International Corporate Events
Sherritt International Corporation announced the results of its 2025 Annual and Special Meeting of Shareholders, including the election of directors and key board appointments. John Ewing was appointed to the Board of Directors, with Leon Binedell named Executive Chairman and Shelley Brown as Lead Independent Director. The company is committed to board renewal and governance improvements, aiming to enhance operational efficiency and stakeholder value. The reconstitution of board committees reflects a strategic alignment with the expertise of new directors, and major shareholders have expressed support for Sherritt’s ongoing initiatives.
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.
Sherritt International Corporation announced the retirement of its Chairman, Sir Richard Lapthorne, effective immediately. During his tenure since 2019, the company underwent major transformations, including debt restructurings and strategic investments, positioning itself as a reliable supplier of critical minerals. His leadership has left Sherritt well-prepared for future growth and operational efficiency, with the company expressing gratitude for his contributions.
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.
Sherritt International Corporation has received a recommendation from Institutional Shareholder Services Inc. (ISS) for shareholders to vote in favor of all resolutions and director nominees at the upcoming Annual and Special Meeting. This endorsement follows a similar recommendation from Glass, Lewis & Co. LLC, highlighting the progress made under Sherritt’s current board and management. The company is facing a challenge from SC2 Inc., which seeks to replace the incumbent directors to benefit its affiliate, Seablinc Canada Inc., a supplier to Sherritt’s Moa Joint Venture. Sherritt warns that SC2’s actions could jeopardize the company’s financial stability and strategic goals, urging shareholders to support the board’s resolutions to protect the corporation’s future.
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.
Sherritt International has issued a letter to its shareholders warning of a potential threat from SC2 Inc., an affiliate of Seablinc Canada Inc., which is attempting to gain control of Sherritt without a credible plan. The company highlights the conflict of interest posed by SC2, whose actions seem to prioritize Seablinc’s supplier agreements over the interests of Sherritt’s shareholders. Sherritt’s Board urges shareholders to vote in favor of all resolutions to protect the company’s future and maintain its strategic progress.
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.
Sherritt International reported its first quarter 2025 results, highlighting strategic initiatives that enhance its capital structure and operational capacity. The company reduced its debt obligations, extended debt maturity, and commenced phase two of its Moa JV expansion, which will increase production capacity and profitability. Despite challenges in Cuba due to U.S. sanctions, Sherritt remains optimistic about stronger operating results in the latter half of the year, supported by its sound liquidity management and low net direct cash costs.
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.
Sherritt International Corporation has appointed Richard Moat to its Board of Directors, succeeding Steven Goldman. This appointment is part of an investor rights agreement with a significant shareholder. Richard Moat brings extensive experience in leading business transformations, having previously held executive roles at Vantiva S.A. and Eir Limited. His strategic leadership is expected to benefit Sherritt as it continues to focus on its core operations in nickel and cobalt mining and energy production in Cuba.
Sherritt International has successfully closed a transaction to extend its debt maturities and strengthen its capital structure by exchanging existing notes for amended ones due in 2031, reducing its outstanding debt by $42 million and annual interest expenses by $3 million. Despite a legal challenge from SC2 Inc. regarding the listing of common shares, Sherritt remains confident in its strategic position to handle market volatility and achieve long-term goals, while continuing to create value for stakeholders.
Sherritt International Corporation announced it will release its first quarter 2025 financial results on May 13, 2025, followed by a conference call and webcast on May 14 to discuss the results. This announcement is significant for stakeholders as it provides insights into the company’s financial and operational performance, which could impact its strategic positioning in the mining and energy sectors.
Sherritt International Corporation has secured a final court order to proceed with a transaction under the Canada Business Corporations Act (CBCA) to extend the maturities of its debt and strengthen its capital structure. This move, approved by its noteholders, aims to improve Sherritt’s financial stability and involves the issuance of additional common shares, which has been conditionally approved by the Toronto Stock Exchange. The transaction is expected to enhance Sherritt’s operational flexibility and market positioning, benefiting stakeholders by potentially increasing the company’s resilience and growth potential.
Sherritt International Corporation has announced significant support from its noteholders for a transaction aimed at extending the maturities of its note obligations and strengthening its capital structure. With overwhelming approval from both senior secured and junior noteholders, the transaction under the Canada Business Corporations Act is poised to enhance Sherritt’s financial stability, potentially impacting its operations and market positioning positively.
Sherritt International has announced an amendment to its previously declared CBCA Transaction, aimed at extending the maturities of its note obligations and enhancing its capital structure. The amendment increases the Junior Notes Exchange Ratio from 0.50 to 0.60. Additionally, the company has extended the early consent deadline to March 28, 2025, allowing noteholders more time to vote in favor of the CBCA Plan and receive early consent consideration. This move is part of Sherritt’s strategic efforts to strengthen its financial position and gain support from noteholders, which could have significant implications for its operations and stakeholder relations.