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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 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 177.30M | 158.80M | 223.30M | 178.80M | 110.20M |
| Gross Profit | 13.90M | 20.30M | -42.20M | 16.10M | -30.80M |
| EBITDA | -16.00M | -18.60M | -12.00M | 135.50M | -19.10M |
| Net Income | -65.70M | -72.80M | -64.60M | 63.50M | -13.40M |
Balance Sheet | |||||
| Total Assets | 1.23B | 1.38B | 1.39B | 1.56B | 1.40B |
| Cash, Cash Equivalents and Short-Term Investments | 21.60M | 34.30M | 119.10M | 123.90M | 145.60M |
| Total Debt | 323.60M | 382.30M | 366.60M | 350.90M | 444.50M |
| Total Liabilities | 715.50M | 785.40M | 777.00M | 860.70M | 813.00M |
| Stockholders Equity | 511.80M | 597.40M | 613.60M | 694.90M | 585.00M |
Cash Flow | |||||
| Free Cash Flow | 5.00M | -32.90M | 6.00M | 60.20M | -15.10M |
| Operating Cash Flow | 21.00M | -26.10M | 27.30M | 88.70M | -4.40M |
| Investing Cash Flow | -13.50M | 36.10M | -18.40M | -23.40M | -9.90M |
| Financing Cash Flow | -22.90M | 7.10M | -11.70M | -93.30M | -6.90M |
Sherritt International Technical Analysis
Sherritt International Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$122.01M | -10.31 | -3.76% | ― | ― | 9.35% | |
50 Neutral | C$224.49M | -95.18 | -4.35% | ― | ― | -45.61% | |
50 Neutral | C$113.80M | -40.43 | -9.83% | ― | ― | 49.12% | |
49 Neutral | C$30.11M | -21.21 | -78.78% | ― | ― | 29.85% | |
48 Neutral | C$46.73M | -10.82 | ― | ― | ― | 8.06% | |
45 Neutral | C$86.85M | -1.15 | -12.98% | ― | 13.25% | 31.69% |
Sherritt International Corporate Events
Sherritt International has curtailed operations at its Moa joint venture in Cuba due to national fuel supply constraints, with mining expected to pause and the processing plant moved to standby while maintenance is carried out. The company is seeking alternative sources of key inputs and assessing options to sustain Moa and Fort Saskatchewan production, while managing expenditures and exploring temporary funding to preserve liquidity and will update its 2026 guidance once it has clearer visibility on supply chain and operational timelines.
Fort Saskatchewan refinery operations in Alberta remain unaffected for now, with feed inventory expected to support nickel and cobalt production until about mid-April, and power generation at Energas in Cuba continues as normal. The disruption in Cuba underscores Sherritt’s exposure to fuel availability risks in that market but also highlights the strategic importance of its Canadian refining assets and ongoing efforts to maintain financial flexibility for stakeholders amid uncertainty.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Sherritt International stock, see the TSE:S Stock Forecast page.
Sherritt International has cut operations at its Moa nickel and cobalt joint venture in Cuba because fuel deliveries to the site have been halted, forcing it to plan a pause in mining and to place the processing plant on standby, where it will conduct maintenance. The company is working with local counterparts and exploring alternative sources of input commodities while assessing how to maintain production and preserve liquidity.
The Fort Saskatchewan refinery in Alberta continues to operate normally, with sufficient feed inventory expected to support production until about mid-April, and operations at Cuban power producer Energas remain unaffected. Sherritt is managing expenditures, considering temporary funding options, and plans to update its 2026 guidance once it gains clarity on fuel supply, supply-chain stability, and the timing for a full restart at Moa, developments that could influence its critical-minerals output and financial flexibility.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Sherritt International stock, see the TSE:S Stock Forecast page.
Sherritt International reported fourth-quarter and full-year 2025 results showing that nickel and cobalt production at its Moa Joint Venture met revised guidance, while electricity generation closely matched targets and unit operating costs came in at the low end of forecasts. Despite these operational achievements, the company posted a net loss from continuing operations of $15.7 million in the fourth quarter and $65.4 million for the year, driven in part by losses in its Oil and Gas division and environmental rehabilitation costs on legacy assets.
Interim CEO Dr. Peter Hancock outlined a multi-faceted turnaround plan focused on optimizing the Moa mine through new equipment, added technical expertise, and process debottlenecking to increase mixed sulphide output and capture value from recent expansion projects. Governance changes continued as board member John Ewing stepped down to concentrate on his investment role, with the board emphasizing ongoing engagement with him as a significant shareholder while management sharpens Sherritt’s strategic focus and sets guidance for 2026.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.24 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 fourth quarter and full-year 2025 production results, with finished nickel and cobalt output at the lower end of revised guidance due to continued operational disruptions at the Moa mine, including below-plan ore volumes, equipment availability issues, procurement delays, national grid power outages, and impacts from Hurricane Melissa, as well as a deliberate decision not to purchase higher-cost third-party feed. Despite these constraints, net direct cash costs for nickel remained within the original guidance range, aided by higher cobalt by-product credits and cost optimization, while the Power division’s electricity production came in slightly below guidance because Cuban authorities required plants to operate in frequency control mode, though Energas was fully compensated, allowing Sherritt to double its annual dividends from Energas to $26 million and maintain strong profitability. In response to 2025 challenges and rising geopolitical uncertainty around the Moa operation, interim CEO Dr. Peter Hancock has launched a comprehensive operational review with the joint venture partner to stabilize the site, restore mixed sulphides production to pre-2025 levels, and then reassess and optimize the Moa expansion ramp-up, signaling a push to reinforce operational reliability and secure the long-term benefits of its growth strategy.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.26 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 fourth-quarter and full-year 2025 production results, with finished nickel and cobalt output at the lower end of revised guidance due to operational challenges at the Moa mine, including lower ore volumes, leach train issues, supply delays, grid power outages and hurricane-related disruptions. Despite these setbacks, net direct cash costs for nickel remained within original guidance, helped by stronger cobalt prices and cost optimization, while electricity production was slightly below guidance as Cuban authorities required Sherritt’s plants to operate in frequency control; this curtailed output but did not affect earnings or dividends thanks to full compensation from the power off-taker. The company doubled dividends received from its Energas power venture to $26 million in 2025 and has launched a comprehensive operational review at Moa with its joint venture partner, aiming to stabilize operations, restore mixed sulphides production to pre-2025 levels, and optimize the timing and benefits of its expansion program amid elevated geopolitical risks in the region.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on Sherritt International stock, see the TSE:S Stock Forecast page.
Sherritt International will release its fourth quarter and full-year 2025 results after markets close on February 10, 2026, followed by a management-hosted conference call and webcast on February 11 to review the company’s financial and operational performance. The planned disclosure and investor communication underscore the company’s ongoing efforts to engage capital markets and stakeholders as it advances its role as a key North American refiner of critical minerals and a major independent power producer in Cuba, with potential implications for investor sentiment and visibility into its strategic progress in both the energy transition and Cuban power sectors.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on Sherritt International stock, see the TSE:S Stock Forecast page.
Sherritt International has entered into a collaboration agreement with Pala Assets Holdings, resulting in board and committee changes to support a leadership transition and strategic execution. Pala will observe a standstill period until 2027, allowing it to increase its ownership in Sherritt up to 9.99% and vote in favor of the board’s slate. This agreement aims to provide stability and unlock value through the selection of a new CEO, with Brett Richards joining the board to bring extensive mining leadership experience.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.16 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 a leadership transition with Leon Binedell stepping down as President and CEO, and Dr. Peter Hancock appointed as interim CEO. This change comes as Sherritt has made significant progress on strategic initiatives under Binedell’s leadership, including the expansion of the Moa Joint Venture and optimization of the Power division. The board has initiated a search for a permanent CEO, aiming to ensure continued strategic growth and stability.
The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Sherritt International stock, see the TSE:S Stock Forecast page.
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.