View Future GrowthSherritt International 過去の業績過去 基準チェック /06Sherritt Internationalの収益は年間平均-26.5%の割合で減少していますが、 Metals and Mining業界の収益は年間 増加しています。収益は年間21.4% 6.9%割合で 増加しています。主要情報-26.49%収益成長率-25.16%EPS成長率Metals and Mining 業界の成長27.39%収益成長率6.93%株主資本利益率-6.64%ネット・マージン-19.66%前回の決算情報31 Mar 2026最近の業績更新お知らせ • Apr 22Sherritt International Corporation to Report Q1, 2026 Results on May 12, 2026Sherritt International Corporation announced that they will report Q1, 2026 results After-Market on May 12, 2026Reported Earnings • Feb 12Full year 2025 earnings released: CA$0.14 loss per share (vs CA$0.18 loss in FY 2024)Full year 2025 results: CA$0.14 loss per share (improved from CA$0.18 loss in FY 2024). Revenue: CA$177.3m (up 12% from FY 2024). Net loss: CA$65.4m (loss narrowed 11% from FY 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.お知らせ • Jan 19Sherritt International Corporation to Report Q4, 2025 Results on Feb 10, 2026Sherritt International Corporation announced that they will report Q4, 2025 results After-Market on Feb 10, 2026Reported Earnings • Nov 07Third quarter 2025 earnings released: CA$0.04 loss per share (vs CA$0.005 profit in 3Q 2024)Third quarter 2025 results: CA$0.04 loss per share (down from CA$0.005 profit in 3Q 2024). Revenue: CA$39.7m (up 21% from 3Q 2024). Net loss: CA$19.5m (down CA$21.3m from profit in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.お知らせ • Oct 07Sherritt International Corporation to Report Q3, 2025 Results on Nov 05, 2025Sherritt International Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.029 loss in 2Q 2024)Second quarter 2025 results: EPS: CA$0.02 (up from CA$0.029 loss in 2Q 2024). Revenue: CA$43.7m (down 15% from 2Q 2024). Net income: CA$10.4m (up CA$21.9m from 2Q 2024). Profit margin: 24% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesお知らせ • Jun 24Sherritt International Corporation Halts Operations At Fort Saskatchewan RefinerySherritt International Corporation announced that operations at its refinery in Fort Saskatchewan, Alberta are transitioning to a shutdown state. Such transition aligns with the Corporation’s previously disclosed expectations, which contemplated refinery operations continuing until approximately mid-June based on available feed inventory. The shutdown is being carried out in a controlled and orderly manner, with safety and environmental considerations remaining the Corporation’s primary priorities. Sherritt has implemented shutdown procedures designed to protect employees, contractors, the surrounding community and the environment, and will retain the personnel and resources required to maintain the refinery in a safe and secure state during the shutdown period. The shutdown will continue until mining and processing activities at Moa, Cuba resume and the refinery feed pipeline is rebuilt. At this time, the Corporation is unable to provide timing guidance for when that will occur. Sherritt is maintaining its suspension of direct participation in joint venture activities in Cuba as announced in its May 7, 2026 press release. Sherritt is also continuing to work on a path to resume operations at the refinery as soon as practicable and is taking measures to preserve liquidity, manage costs and maintain operational readiness during the shutdown period. During the downtime, the Corporation will complete necessary maintenance activities that do not require significant capital investment. The Corporation continues to produce fertilizers and sulphuric acid for resale.お知らせ • Jun 15Sherritt International Corporation Announces Appointment of Tabrez Khan as an Independent Director and Audit Committee Member, Effective June 12, 2026Sherritt International Corporation announced the appointment of Tabrez Khan as an independent director effective June 12, 2026. Tabrez Khan was nominated to the Board by Kyma Capital Opportunities Master Fund Limited, pursuant to Kyma’s nomination right under the investor rights agreement dated as of April 22, 2025 between the Corporation and Kyma. Tabrez Khan is an accomplished resource sector leader with more than 20 years of experience in global transactions and strategic advisory bringing significant experience advising public and private companies, financial institutions and government stakeholders on large-scale transactions, restructurings and strategic initiatives. He is a Partner and co-founder of GENesis Capital Advisory, where he advises clients, including critical minerals and energy companies on strategy, M&A and financing, with a strong track record of originating and executing complex cross border transactions. He previously spent over two decades with Ernst & Young, where he held senior leadership roles in leading origination of transactions and advising on strategic initiatives for resource sector clients. He is a Chartered Accountant and holds a Global Executive MBA from INSEAD. Concurrent with Tabrez Khan’s appointment to the Board, he was appointed to the audit committee of the Board. Following Tabrez Khan’s appointment, the Audit Committee consists of Dr. Peter Hancock, Chih-Ting Lo, and Tabrez Khan. As Dr. Peter Hancock is the interim Chief Executive Officer of Sherritt, he is not considered independent under National Instrument 52-110 – Audit Committees. Sherritt is relying on the temporary exemption provided in Section 3.5 of NI 52-110 for Dr. Peter Hancock’s membership on the Audit Committee. Following Tabrez Khan’s appointment, the Audit Committee is compliant with the requirements of NI 52-110 and the rules of the Toronto Stock Exchange.お知らせ • Jun 04Sherritt International Corporation Announces Appointment of Fitzroy Richardson to Interim Chief Financial Officer, Effective June 3, 2026Sherritt International Corporation announced the appointment of Fitzroy Richardson as Interim Chief Financial Officer, effective June 3, 2026. Mr. Richardson is a seasoned finance executive with nearly 30 years of experience at Sherritt, where he has held a range of senior finance and treasury roles. He currently serves as President of New Providence Metals Marketing Inc., a Sherritt subsidiary. Prior to this, he held a number of senior roles at Sherritt, including Vice President, Global FP&A and Treasury and Director of International Treasury and Treasury Operations. Mr. Richardson is a Certified Public Accountant (CPA) and holds a Master of Business Administration from the University of Western Ontario and a Master of Science in Accounting and a Bachelor of Science in Management from the University of the West Indies.Buy Or Sell Opportunity • May 19Now 22% overvaluedOver the last 90 days, the stock has fallen 35% to CA$0.12. The fair value is estimated to be CA$0.099, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.お知らせ • May 15Sherritt International Corporation Announces Resignation of Yasmin Gabriel as Chief Financial Officer, Effective May 13, 2026Sherritt International Corporation announced that Yasmin Gabriel has resigned as Chief Financial Officer of the Corporation, effective May 13, 2026. The Corporation thanks Ms. Gabriel for her many years of committed service and valued contributions and wishes her well in her future endeavors.New Risk • May 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$94.9m (US$69.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$94.9m market cap, or US$69.4m).お知らせ • May 10Sherritt International Corporation Announces Board Resignations, Effective May 7, 2026Sherritt International Corporation announced that Brian Imrie, Richard Moat and Brett Richards have resigned from the Corporation’s Board of Directors effective immediately on May 7, 2026.お知らせ • Apr 23Sherritt International Corporation, Annual General Meeting, Jun 24, 2026Sherritt International Corporation, Annual General Meeting, Jun 24, 2026.お知らせ • Apr 22Sherritt International Corporation to Report Q1, 2026 Results on May 12, 2026Sherritt International Corporation announced that they will report Q1, 2026 results After-Market on May 12, 2026New Risk • Apr 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding).お知らせ • Apr 08Sherritt International Corporation announced that it has received CAD 43.47 million in fundingOn April 7, 2026, Sherritt International Corporation closed the transaction. The company issued approximately 207,000,000 common shares at a price of CAD 0.21 per Common Share for gross proceeds of CAD 43,470,000. The transaction included participation from Seymour Schulich, through a corporation controlled by him, subscribed for 68,600,000 common shares for gross proceeds of approximately CAD 14,406,000. An existing shareholder of the Corporation holding approximately 13.5% of the outstanding Common Shares participated in the Private Placement.お知らせ • Mar 31+ 1 more updateSherritt International Corporation Announces Stepping Down of Louise Blais from Board of Directors, Effective March 30, 2026Sherritt International Corporation announced that Louise Blais has stepped down from its Board effective March 30, 2026, to focus on her commitments at her strategic advisory firm Blais Global. Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America. Sherritt’s Moa Joint Venture produces cost competitive critical minerals while maintaining high sustainability standards and has an estimated mine life of approximately 25 years.New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$116.6m market cap, or US$85.1m).Buy Or Sell Opportunity • Feb 17Now 24% undervaluedOver the last 90 days, the stock has risen 28% to CA$0.17. The fair value is estimated to be CA$0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Feb 17Sherritt International Corporation Announces Reduce Operations at its Joint Venture in Moa, Cuba Due to Fuel Supply Convenities Impacting the CountrySherritt International Corporation announced it has reduced operations at its joint venture in Moa, Cuba due to fuel supply constraints affecting the country. The Corporation expects to pause mining operations and place the processing plant on standby within the next week during which time, planned maintenance activities will be performed. The Corporation has received notification that planned fuel deliveries for Moa will not be fulfilled and the timeline for resumption of deliveries is unknown at this time. The Corporation is actively engaging with relevant counterparts and evaluating all options for sourcing input commodities. Currently, there is no immediate impact on operations in Fort Saskatchewan, Alberta. The refinery is continuing to produce finished nickel and cobalt for sale. The inventory of feed it has available for such production is expected to last until approximately mid-April. Operations at Energas S.A. ("Energas") are continuing as planned without any impact. Sherritt is evaluating available options to maintain operations and prolong production at Moa and Fort Saskatchewan while implementing measures to preserve and maximize liquidity. These efforts include managing expenditures to maintain financial flexibility and exploring potential sources of temporary funding support. Sherritt expects to be able to provide updated 2026 guidance once it has greater certainty around the supply chain and timelines for the resumption of full operations at its mine and processing facility in Moa.Reported Earnings • Feb 12Full year 2025 earnings released: CA$0.14 loss per share (vs CA$0.18 loss in FY 2024)Full year 2025 results: CA$0.14 loss per share (improved from CA$0.18 loss in FY 2024). Revenue: CA$177.3m (up 12% from FY 2024). Net loss: CA$65.4m (loss narrowed 11% from FY 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.お知らせ • Feb 11+ 1 more updateSherritt International Corporation Provides Production Guidance for the Year 2026Sherritt International Corporation provided production guidance for the year 2026. For the year, the company expects production of finished nickel of 26,000 tonnes - 28,000 tonnes,Production of Finished cobalt of 2,750 tonnes to 2,850 tonnes and Electricity production to be between 825 GWh to 875 GWh.分析記事 • Jan 24Sherritt International Corporation (TSE:S) Shares Fly 37% But Investors Aren't Buying For GrowthDespite an already strong run, Sherritt International Corporation ( TSE:S ) shares have been powering on, with a gain...お知らせ • Jan 19Sherritt International Corporation to Report Q4, 2025 Results on Feb 10, 2026Sherritt International Corporation announced that they will report Q4, 2025 results After-Market on Feb 10, 2026Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Brett Richards was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 17Sherritt International Corporation Announces Board and Committee ChangesSherritt International Corporation announced that To support the appointment of a permanent CEO, the board of directors of Sherritt (the “Board”) will comprise of no more than eight directors until January 1, 2027. Effective immediately, Shelley Brown has stepped down from the Board and Brett Richards has been appointed to fill the resulting vacancy. The Board will reconstitute the CEO Search Committee, with Brian Imrie as Chair and Brett Richards and Richard Moat as members. Brett Richards will serve on at least two standing committees of the Board. In addition to the CEO Search Committee, he will join the Governance Committee. When the CEO Search Committee is disbanded following the appointment of a permanent CEO, Brett Richards will join the Reserves, Operations and Capital and Sustainability Committee, and he will be appointed to any new committee formed by the Board during this period. Brett Richards is an experienced mining executive with more than 37 years in the industry, most recently as chief executive officer of Pasofino Gold Ltd. He has held senior leadership roles at Gold X2 Mining Inc. (formerly Goldshore Resources Inc.), Banro Corporation, Midnight Sun Mining Corp., African Thunder Platinum, Renew Resources and Octéa, and previously served as transition CEO of Roxgold and as CEO of Avocet Mining plc. He was part of the five-person start-up team at Katanga Mining and has held senior executive positions with Kinross Gold and Co-Steel Inc. Mr. Richards currently serves on the boards of Nickel 28 Capital Corp., Gold X2 Mining Inc. (formerly Goldshore Resources Inc.) and Midnight Sun Mining Corp.分析記事 • Dec 10Sherritt International Corporation's (TSE:S) Price Is Right But Growth Is Lacking After Shares Rocket 28%The Sherritt International Corporation ( TSE:S ) share price has done very well over the last month, posting an...お知らせ • Dec 09+ 1 more updateSherritt International Corporation Announces Chief Executive Officer Changes, Effective December 8, 2025Sherritt International Corporation announced that Leon Binedell has stepped down as Chief Executive Officer of the Corporation, and that Dr. Peter Hancock has been appointed interim Chief Executive Officer, effective December 8, 2025. Since his appointment in June 2021, Mr. Binedell has guided Sherritt through one of its most challenging periods and overseen progress on several key strategic initiatives, including the expansion of the Moa Joint Venture, implementation of the Cobalt Swap agreement, optimization of the Power division and completion of the debt and equity transactions earlier this year. Dr. Hancock is a seasoned mining industry executive with more than 35 years of experience with Glencore plc, including overseeing nickel mining operations and developing and commercializing process technologies. He has served as an independent director of Sherritt since November 2021.Board Change • Dec 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chair of the Board Brian Imrie was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 26Pala Assets Holdings Requisitions Shareholder Meeting to Replace Directors at Sherritt InternationalOn November 25, 2025, Pala Assets Holdings Limited announced that it has requisitioned a special meeting of Sherritt International Corporation shareholders and nominated 2 individuals, James Scarlett and Brett Richards, for the Company’s board of directors. In its letter, Pala Assets Holdings reiterated its concerns about the Company’s governance and operational failures and the urgent need for Board and management change – not cosmetic board reshuffles. Appointing a new Chair of the Board, without removing Leon Binedell from the Board or replacing him as President and CEO, will do nothing to fix the Company’s persistent underperformance. Pala Assets Holdings stated that it has lost all faith in Leon Binedell and Shelley Brown and their ability to make any material decisions on the Company that reflect the best interests of the Company and its shareholders. For these reasons, Pala Assets Holdings has requisitioned the special meeting and nominated 2 individuals to the Board to replace Leon Binedell and Shelley Brown.お知らせ • Nov 24Sherritt International Corporation Announces the Appointment of Brian Imrie as Chair of the BoardSherritt International Corporation announced the appointment of Brian Imrie as an independent director to the board of directors of the Corporation. He has also been appointed Chair of the Board, effective immediately. Mr. Imrie brings extensive leadership, capital markets and mining-sector experience to Sherritt. He is currently Executive Chair at PPX Mining Corp., where he has led the company through a period of growth that included capital raising and the assembly of a strong board and experienced operational team. He is also serving as a director of Snow Lake Resources Ltd., a Canadian nuclear fuel cycle and critical minerals company listed on NASDAQ, among other board and advisory roles. Mr. Imrie previously served as Senior Managing Director and Head of Investment Banking at Jennings Capital/Mackie Research Capital, Global Head of Mining M&A at KPMG, and Co-Head of Mergers & Acquisitions at National Bank Financial, following senior roles at Credit Suisse First Boston and Morgan Stanley. Mr. Imrie holds an MBA from Harvard Business School, a B.A. in Economics and International Relations from the University of Toronto, and an ICD.D designation from the Institute of Corporate Directors. Since the annual meeting of shareholders in June, the Board has been conducting a focused process to identify at least one additional independent director with the necessary experience and skills to support Sherritt’s growth strategy. Mr. Imrie’s appointment is the outcome of that process and reflects the Board’s commitment to succession planning and ongoing refreshment. Concurrently with Mr. Imrie’s appointment, Leon Binedell is stepping down as Executive Chair and Shelley Brown is stepping down as Lead Director, while remaining on the Board as directors. Following Mr. Imrie’s onboarding, an incumbent director will retire from the Board by December 31, 2025. The new Board Chair appointment and upcoming director retirement are both in fulfillment of Sherritt’s commitment to ongoing board refreshment under the standstill and support agreement between Sherritt, Ewing Morris & Co. Investment Partners Ltd. and SC2 Inc., pursuant to which Ewing Morris and SC2 have agreed to support all director nominees recommended by management at all shareholder meetings until June 30, 2026.分析記事 • Nov 19Is Sherritt International (TSE:S) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 07Third quarter 2025 earnings released: CA$0.04 loss per share (vs CA$0.005 profit in 3Q 2024)Third quarter 2025 results: CA$0.04 loss per share (down from CA$0.005 profit in 3Q 2024). Revenue: CA$39.7m (up 21% from 3Q 2024). Net loss: CA$19.5m (down CA$21.3m from profit in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.お知らせ • Nov 07Sherritt International Corporation Revises Production Guidance for the Year 2025Sherritt International Corporation revised production guidance for the year 2025. For the year, the company expects production of finished nickel of 25,000 tonnes to 25,000 tonnes compared to previous guidance of 27,000 tonnes to 29,000 tonnes. Production of Finished cobalt of 2,700 tonnes to 2,800 tonnes compared to previous guidance of 3,000 tonnes to 3,200 tonnes. Electricity production is unchanged and it is expected to be between 800 GWh to 850 GWh.お知らせ • Oct 07Sherritt International Corporation to Report Q3, 2025 Results on Nov 05, 2025Sherritt International Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025分析記事 • Sep 25There Is A Reason Sherritt International Corporation's (TSE:S) Price Is UndemandingYou may think that with a price-to-sales (or "P/S") ratio of 0.4x Sherritt International Corporation ( TSE:S ) is...Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.029 loss in 2Q 2024)Second quarter 2025 results: EPS: CA$0.02 (up from CA$0.029 loss in 2Q 2024). Revenue: CA$43.7m (down 15% from 2Q 2024). Net income: CA$10.4m (up CA$21.9m from 2Q 2024). Profit margin: 24% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.お知らせ • Jul 30Sherritt International Corporation Revises Production Guidance for the Year 2025Sherritt International Corporation revised production guidance for the year 2025. For the year, the company expects production of finished nickel of 27,000 tonnes to 29,000 tonnes compared to previous guidance of 31,000 tonnes to 33,000 tonnes. Production of Finished cobalt of 3,000 tonnes to 3,200 tonnes compared to previous guidance of 3,300 tonnes to 3,600 tonnes. Electricity production is expected to be between 800 to 850 GWh.お知らせ • Jul 09Sherritt International Corporation to Report Q2, 2025 Results on Jul 29, 2025Sherritt International Corporation announced that they will report Q2, 2025 results After-Market on Jul 29, 2025お知らせ • Jun 11Sherritt International Corporation Announces Executive ChangesSherritt International Corporation announced the voting results of its 2025 Annual and Special Meeting of Shareholders held June 10, 2025, In connection with the reconstitution of the Board, the Corporation announces that Leon Binedell has been appointed Executive Chairman, following the retirement of former Chairman Sir Richard Lapthorne. Shelley Brown, an independent director of Sherritt since August 2024, has been named Lead Independent Director. The Board committees have also been reconstituted to better align with the expertise of the new directors, including the appointment of Mr. Ewing to the Reserves, Operations and Capital Committee and Mr. Moat to the Audit Committee. Additionally, the former HR Committee and the former Nominating and Corporate Governance Committee have been consolidated into a single committee. This streamlining reflects the Corporation’s commitment to enhancing Board efficiency, while reducing management’s administrative burden to support a greater focus on operational priorities.お知らせ • Jun 10Sherritt International Corporation Announces Retirement of Sir Richard Lapthorne as Chairman of the Board of Directors, Effective June 9, 2025Sherritt International Corporation announced that Sir Richard Lapthorne, chairman of the board of directors, has advised the corporation that his previously announced retirement will be effective on June 9, 2025 due to personal reasons. Sir Richard has served as Chairman of the Board since June 2019. Over that time, the Corporation has undergone significant transformation, strengthening its balance sheet, advancing operational capabilities, and navigating an extended period of commodity price volatility. During Sir Richard’s tenure as Chairman, Sherritt completed two major debt restructurings, implemented a disciplined capital strategy, and made critical investments to extend the life of key operations. These efforts have enabled the Corporation to deliver improved future cash flow, enhance operational efficiency, and position itself as a reliable supplier of critical minerals.New Risk • Jun 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.0% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$74.4m market cap, or US$54.5m).お知らせ • May 23SC2 Inc Provides Information to Shareholders of Sherritt International CorporationOn May 23, 2025, SC2 Inc announced that it will vote (i) against the say-on-pay resolution proposed by the board of directors, and (ii) against the election of all nominated directors of Leon Binedell, Louise Blaise, Shelley Brown, Dr. Peter Hancock, Sir Richard Lapthorne, and Chih-Ting Lo at the Company's upcoming Annual and Special Meeting on June 10, 2025, with the exception of Richard Moat, who is being nominated for election for the first time. SC2 added that it has sought constructive engagement with the Company's Board of Directors since May 2024 and has detailed the Company's key failings 1. ongoing operational underperformance, 2. eroding shareholder value and market standing, 3. misaligned executive compensation, 4. excessive overhead, 5. ineffective oversight and governance failures, 6. strategic drift. SC2 stated that in the aggregate, the Company's persistent underperformance, weak governance, and unwillingness to address shareholder concerns compel SC2 to withhold support from the current Board (except for Richard Moat).Reported Earnings • May 15First quarter 2025 earnings released: CA$0.10 loss per share (vs CA$0.10 loss in 1Q 2024)First quarter 2025 results: CA$0.10 loss per share (improved from CA$0.10 loss in 1Q 2024). Revenue: CA$38.4m (up 33% from 1Q 2024). Net loss: CA$40.6m (flat on 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.お知らせ • May 14Sherritt International Corporation Reaffirms Production Guidance for the Year 2025Sherritt International Corporation reaffirmed production guidance for the year 2025. 2025 guidance for production volumes remains unchanged.お知らせ • Apr 30Sherritt International Corporation Announces Board ChangesSherritt International Corporation announced the appointment of Richard Moat to its Board of Directors effective April 29, 2025. Mr. Moat joins the Board as part of the investor rights agreement with a shareholder holding more than 10% of the Corporation’s outstanding common shares. He will succeed Steven Goldman who is not seeking re-election at the Corporation’s upcoming 2025 shareholder meeting on June 10, 2025. Richard Moat has a strong track record successfully leading business transformations. Mr. Moat was the Chairman of the Board for Vantiva S.A., formerly Technicolor S. A from 2022 to 2024 and served as CEO of the latter company from 2019 to 2022. Prior to that, he was the CEO of Eir Limited (“Eir”), where he successfully led a turnaround that generated shareholder value in excess of €1 billion. Joining Eir as CFO in 2012, he took the helm as CEO in 2014 through 2018 and was a director from 2018 until 2021. Mr. Moat is a Fellow of the Association of Chartered Certified Accountants. He holds a Diploma in Corporate Finance and Accounting from London Business School and has a master’s degree in Law from St Catharine’s College, Cambridge.お知らせ • Apr 16Sherritt International Corporation to Report Q1, 2025 Results on May 13, 2025Sherritt International Corporation announced that they will report Q1, 2025 results After-Market on May 13, 2025Price Target Changed • Mar 10Price target increased by 39% to CA$0.80Up from CA$0.57, the current price target is provided by 1 analyst. New target price is 452% above last closing price of CA$0.14. Stock is down 50% over the past year. The company posted a net loss per share of CA$0.18 last year.分析記事 • Mar 08Sherritt International Corporation's (TSE:S) 28% Dip In Price Shows Sentiment Is Matching RevenuesSherritt International Corporation ( TSE:S ) shareholders won't be pleased to see that the share price has had a very...Reported Earnings • Feb 06Full year 2024 earnings released: CA$0.18 loss per share (vs CA$0.16 loss in FY 2023)Full year 2024 results: CA$0.18 loss per share (further deteriorated from CA$0.16 loss in FY 2023). Revenue: CA$158.8m (down 29% from FY 2023). Net loss: CA$73.1m (loss widened 14% from FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Feb 06+ 1 more updateSherritt International Corporation Reports Oil and Gas Impairment of Intangible Assets for the Fourth Quarter Ended December 31, 2024Sherritt International Corporation reported impairment of intangible assets for the fourth quarter ended December 31, 2024. For the quarter, the company reported Oil and Gas - Impairment of intangible assets of $8.4 million.分析記事 • Jan 22Why Investors Shouldn't Be Surprised By Sherritt International Corporation's (TSE:S) Low P/SSherritt International Corporation's ( TSE:S ) price-to-sales (or "P/S") ratio of 0.5x might make it look like a strong...お知らせ • Jan 17Sherritt International Corporation, Annual General Meeting, May 13, 2025Sherritt International Corporation, Annual General Meeting, May 13, 2025.お知らせ • Nov 02Sherritt International Corporation Reiterates Production Guidance for the Full Year 2024Sherritt International Corporation reiterated production guidance for the full year 2024. for the year, the company expects production volumes remains unchanged.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: CA$0.009 (vs CA$0.062 loss in 3Q 2023)Third quarter 2024 results: EPS: CA$0.009 (up from CA$0.062 loss in 3Q 2023). Revenue: CA$32.9m (down 9.6% from 3Q 2023). Net income: CA$1.80m (up CA$26.6m from 3Q 2023). Profit margin: 5.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.お知らせ • Oct 09Sherritt International Corporation to Report Q3, 2024 Results on Oct 30, 2024Sherritt International Corporation announced that they will report Q3, 2024 results After-Market on Oct 30, 2024Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Shelley Ann Brown was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Aug 06Sherritt International Corporation Appoints Shelley Brown to Its Board of DirectorsSherritt International Corporation announced the appointment of Shelley Brown to its Board of Directors effective August 6, 2024. Ms. Brown’s appointment and significant experience will provide a seamless succession following the resignation of Anna Ladd-Kruger who is reducing her board commitments in order to take up full time study at the University of British Columbia. Ms. Brown brings considerable experience to Sherritt’s Board. As a Senior Audit Partner with Deloitte LLP she worked with a number of the firm’s major audit clients including multi-national mining and oil and gas companies listed in both Canada and the U.S. During her time in public practice, she served as the Director for Audit Services in Saskatchewan and also as Regional Managing Partner in Saskatchewan. Ms. Brown has over 30 years of board experience including serving on the boards of Stantec Incorporated and Inter Pipeline Limited. She previously served as the Chair of the Canadian Institute of Chartered Accountants. In 2013, she was appointed as the first Chair of CPA Canada. Ms. Brown is the recipient of numerous awards recognizing her accomplished career including receiving Lifetime Achievement Awards from the CPA Institutes of British Columbia and Saskatchewan and in 2018, she was named as a member of the Order of Canada for her contributions to her profession and her community.Reported Earnings • Jul 30Second quarter 2024 earnings released: CA$0.03 loss per share (vs CA$0.001 profit in 2Q 2023)Second quarter 2024 results: CA$0.03 loss per share (down from CA$0.001 profit in 2Q 2023). Revenue: CA$51.4m (down 45% from 2Q 2023). Net loss: CA$11.5m (down CA$11.8m from profit in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.分析記事 • Jul 25Sherritt International Corporation's (TSE:S) Share Price Is Matching Sentiment Around Its RevenuesWith a price-to-sales (or "P/S") ratio of 0.5x Sherritt International Corporation ( TSE:S ) may be sending very bullish...お知らせ • Jul 04Sherritt International Corporation to Report Q2, 2024 Results on Jul 29, 2024Sherritt International Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2024Reported Earnings • May 10First quarter 2024 earnings released: CA$0.10 loss per share (vs CA$0.034 profit in 1Q 2023)First quarter 2024 results: CA$0.10 loss per share (down from CA$0.034 profit in 1Q 2023). Revenue: CA$28.8m (down 51% from 1Q 2023). Net loss: CA$40.9m (down 401% from profit in 1Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.分析記事 • Apr 18Is Sherritt International (TSE:S) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Board Change • Apr 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Steve Goldman was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 09Sherritt International Corporation to Report Q1, 2024 Results on May 08, 2024Sherritt International Corporation announced that they will report Q1, 2024 results After-Market on May 08, 2024お知らせ • Mar 22Sherritt International Corporation Announces Board ChangesSherritt International Corporation announced the appointments of Louise Blais and Steven H. Goldman to its Board of Directors effective immediately. The appointments of Ms. Blais and Mr. Goldman are in accordance with Sherritt’s Board succession planning with the retirements of Maryse Belanger and John Warwick, both of whom are not seeking re-election at the Corporation’s 2024 Annual General Meeting (“AGM”). Ms. Belanger will be retiring from the Board as of March 21, 2024 and Mr. Warwick will be retiring from the Board at the AGM on May 9, 2024. Louise Blais was Canada’s Ambassador and Deputy Permanent Representative to the United Nations in New York from 2017 to 2021. During this time, she also served as Vice President to UNICEF’s Executive Board. As a senior diplomat, she served abroad in Washington and Tokyo and as Minister-Counsellor for Political Affairs at the Embassy in Paris. In 2014 she was appointed Consul General of Canada in Atlanta, covering North Carolina, South Carolina, Tennessee, Georgia, Alabama and Mississippi. Ms. Blais is currently an Associate at the Pendleton Group and Special Senior Advisor, International Affairs, to the Business Council of Canada and the QG100 in Quebec. Ms. Blais holds a B.A. from McGill University. Steven H. Goldman is a founding member of the Toronto law firm of Goldman Hine LLP which he retired from in January 2021. He is currently President, CEO and director of Comstock Metals Inc. and a director and audit committee member of Select Sands Corp. Mr. Goldman was formerly a director and audit committee member of Tribute Pharmaceuticals Inc. and a director of Allegro Health Corp. Mr. Goldman received his B.A. (President’s Medal) from Carleton University and his JD from Queen’s University.お知らせ • Mar 14Sherritt International Corporation, Annual General Meeting, May 09, 2024Sherritt International Corporation, Annual General Meeting, May 09, 2024.お知らせ • Feb 08Sherritt International Corporation Provides Production Guidance for the Year 2024Sherritt International Corporation provided production guidance for the year 2024. For the year, the company expects finished nickel production of 30,000 tons to 32,000 tons (100% basis); finished cobalt production of 3,100 tons to 3,400 tons (100% basis); and electricity production of 775 to 825 GWh (33 1/3% basis). Nickel and cobalt production are both expected to increase in 2024 compared to 2023 due to increased feed of mixed sulphides from the Moa mine site to the refinery as a result of access to additional ore sources to improve the blend of feed as well as increased quality and feed rates following the ramp-up of the SPP, and reduced downtime from maintenance. NDCC is expected to be lower in 2024 compared to 2023 due to lower expected maintenance activity, cost optimization, and higher expected production and sales, including increased fertilizer by-product sales. Electricity production is expected to be higher in 2024 compared to 2023 primarily due to the full year receipt of additional gas from the two wells that went into production in Second Quarter 2023.お知らせ • Jan 16+ 2 more updatesSherritt International Corporation Announces Workforce ReductionSherritt International Corporation announced that as a result of the changes made regarding corporate restructuring, the workforce across the Corporation’s Canadian operations is being reduced by approximately 10%, with annual employee cost savings of $13 million expected to be realized.New Risk • Nov 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$135.1m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.分析記事 • Nov 21Sherritt International (TSE:S) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Price Target Changed • Nov 05Price target decreased by 11% to CA$0.80Down from CA$0.90, the current price target is an average from 3 analysts. New target price is 100% above last closing price of CA$0.40. Stock is down 9.1% over the past year. The company posted earnings per share of CA$0.16 last year.Reported Earnings • Nov 02Third quarter 2023 earnings released: CA$0.06 loss per share (vs CA$0.068 loss in 3Q 2022)Third quarter 2023 results: CA$0.06 loss per share (improved from CA$0.068 loss in 3Q 2022). Revenue: CA$36.4m (up 21% from 3Q 2022). Net loss: CA$24.8m (loss narrowed 7.8% from 3Q 2022). Revenue is expected to decline by 43% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 17%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 12Sherritt International Corporation to Report Q3, 2023 Results on Nov 01, 2023Sherritt International Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023New Risk • Jul 29New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Price Target Changed • Jul 28Price target decreased by 11% to CA$0.93Down from CA$1.05, the current price target is an average from 3 analysts. New target price is 94% above last closing price of CA$0.48. Stock is up 16% over the past year. The company posted earnings per share of CA$0.16 last year.Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.20 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.001 (down from CA$0.20 in 2Q 2022). Revenue: CA$93.5m (up 42% from 2Q 2022). Net income: CA$300.0k (down 100% from 2Q 2022). Profit margin: 0.3% (down from 124% in 2Q 2022). Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 16%. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 12Sherritt International Corporation to Report Q2, 2023 Results on Jul 26, 2023Sherritt International Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2023Reported Earnings • May 11First quarter 2023 earnings released: EPS: CA$0.03 (vs CA$0.041 in 1Q 2022)First quarter 2023 results: EPS: CA$0.03 (down from CA$0.041 in 1Q 2022). Revenue: CA$58.6m (up 72% from 1Q 2022). Net income: CA$13.6m (down 17% from 1Q 2022). Profit margin: 23% (down from 48% in 1Q 2022). Revenue is expected to decline by 18% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 04Is Sherritt International (TSE:S) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Feb 18Sherritt International Corporation, Annual General Meeting, May 11, 2023Sherritt International Corporation, Annual General Meeting, May 11, 2023.お知らせ • Feb 16Sherritt International Corporation Appoints Anna Ladd-Kruger to its Board of DirectorsSherritt International Corporation announced that Anna Ladd-Kruger, a seasoned mining industry financial executive with more than 20 years of experience in mining exploration and operations, has been appointed to company's Board of Directors effective February 15, 2023 as Sherritt looks to effectively transition responsibilities ahead of a planned retirement from its Board. Ms. Ladd-Kruger has held key executive positions at several Canadian publicly listed mining companies, including roles supporting the transition from exploration to production and raising substantial debt and equity. Most recently, Ms. Ladd-Kruger was the Chief Financial Officer (CFO) of McEwen Mining Inc. where she was brought in to lead financial and operational turnaround strategies and was key to the McEwen Copper Asset spin-out, including serving as its CFO and director. Ms. Ladd-Kruger previously served as the CFO and VP Corporate Development for a number of mining companies and began her career working at Vale S.A.'s Thompson and Sudbury Canadian operations before joining Kinross Gold Corporation as their North American Group Controller. Ms. Ladd-Kruger is currently serving as the Independent Chair of the Board at Nova Minerals Limited. She sits on the board and is a member of the Audit Committee at SilverCrest Metals Inc. and is a member of the board as well as Audit Chair and a committee member of the ESG and Technical Committee at Integra Resources Corp. Ms. Ladd-Kruger holds both a CPA and CMA designation, a Master’s of Economics from Queen’s University and a Bachelor of Commerce from the University of British Columbia. She also holds the Canadian Institute of Corporate Directors designation (ICD.D).Reported Earnings • Feb 09Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: CA$178.8m (up 62% from FY 2021). Net income: CA$63.7m (up CA$77.1m from FY 2021). Profit margin: 36% (up from net loss in FY 2021). Revenue exceeded analyst estimates by 1.6%. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 24Sherritt International Corporation Provides Production Guidance for the Year 2023Sherritt International Corporation provided production guidance for the year 2023. For the period, the company's finished nickel production is forecast to be 30,000 tonnes - 32,000 tonnes (100% basis), while finished cobalt production is forecast to be 3,100 tonnes - 3,400 tonnes (100% basis). Power production is forecast to be 575 gigawatts - 625 gigawatts (GWh) of electricity.お知らせ • Jan 17Sherritt International Corporation to Report Q4, 2022 Results on Feb 08, 2023Sherritt International Corporation announced that they will report Q4, 2022 results After-Market on Feb 08, 2023Major Estimate Revision • Nov 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$159.5m to CA$172.3m. EPS estimate fell from CA$0.34 to CA$0.22 per share. Net income forecast to shrink 26% next year vs 8.3% growth forecast for Metals and Mining industry in Canada . Consensus price target of CA$0.99 unchanged from last update. Share price fell 4.3% to CA$0.45 over the past week.Reported Earnings • Nov 04Third quarter 2022 earnings released: CA$0.072 loss per share (vs CA$0.039 loss in 3Q 2021)Third quarter 2022 results: CA$0.072 loss per share (further deteriorated from CA$0.039 loss in 3Q 2021). Revenue: CA$30.2m (up 46% from 3Q 2021). Net loss: CA$26.9m (loss widened 74% from 3Q 2021). Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 18Sherritt International Corporation to Report Q3, 2022 Results on Nov 02, 2022Sherritt International Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022分析記事 • Sep 27Does Sherritt International (TSE:S) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Major Estimate Revision • Aug 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$135.0m to CA$172.5m. EPS estimate unchanged from CA$0.30 at last update. Metals and Mining industry in Canada expected to see average net income growth of 7.4% next year. Consensus price target broadly unchanged at CA$0.95. Share price rose 28% to CA$0.46 over the past week.Reported Earnings • Jul 28Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: CA$65.9m (up 113% from 2Q 2021). Net income: CA$81.5m (up CA$91.9m from 2Q 2021). Over the next year, revenue is expected to shrink by 21% compared to a 22% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 28Sherritt International Corporation Provides Production Guidance for the Year of 2022Sherritt International Corporation provided production guidance for the year of 2022. For the year, company expects production guidance of Nickel, finished 32,000 - 34,000 tonne range and based on the expected nickel to cobalt ratio in the ore, cobalt production is estimated to be at the lower end of the 3,400 – 3,700 tonne range.Price Target Changed • Jul 21Price target decreased to CA$0.94Down from CA$1.04, the current price target is an average from 2 analysts. New target price is 153% above last closing price of CA$0.37. Stock is down 26% over the past year. The company is forecast to post earnings per share of CA$0.30 next year compared to a net loss per share of CA$0.034 last year.お知らせ • Jul 13Sherritt International Corporation to Report Q2, 2022 Results on Jul 27, 2022Sherritt International Corporation announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2022Major Estimate Revision • Jul 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CA$0.41 to CA$0.30. Revenue forecast unchanged from CA$135.0m at last update. Net income forecast to grow 2,062% next year vs 16% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$1.19 to CA$1.04. Share price fell 9.8% to CA$0.37 over the past week.Price Target Changed • Jul 06Price target decreased to CA$1.10Down from CA$1.25, the current price target is an average from 3 analysts. New target price is 182% above last closing price of CA$0.39. Stock is down 24% over the past year. The company is forecast to post earnings per share of CA$0.41 next year compared to a net loss per share of CA$0.034 last year.分析記事 • May 19We Think Sherritt International's (TSE:S) Profit Is Only A Baseline For What They Can AchieveEven though Sherritt International Corporation's ( TSE:S ) recent earnings release was robust, the market didn't seem...収支内訳Sherritt International の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSX:S 収益、費用、利益 ( )CAD Millions日付収益収益G+A経費研究開発費31 Mar 26173-3436031 Dec 25177-6536030 Sep 25168-7235030 Jun 25161-5135031 Mar 25168-7335031 Dec 24159-7335030 Sep 24148-10431030 Jun 24151-13129031 Mar 24194-11923031 Dec 23223-6423030 Sep 23237-18-15030 Jun 23231-2031031 Mar 232036116031 Dec 221796437030 Sep 221678565030 Jun 221579726031 Mar 22122550031 Dec 21110-1336030 Sep 21102-7760030 Jun 21106-5054031 Mar 21115-5352031 Dec 20120-8647030 Sep 20123-10243030 Jun 20125-38-8031 Mar 20131-11543031 Dec 19136-14245030 Sep 19142-14639030 Jun 19145-23589031 Mar 19145-14138031 Dec 18153-8031030 Sep 1817154245030 Jun 1820448656031 Mar 1823438154031 Dec 1726730962030 Sep 17283-35454030 Jun 17278-40551031 Mar 17276-40753031 Dec 16262-38251030 Sep 16268-2,02952030 Jun 16287-2,11945031 Mar 16311-2,06344031 Dec 15336-2,07244030 Sep 15361-46246030 Jun 15387-303550質の高い収益: Sは現在利益が出ていません。利益率の向上: Sは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: Sは利益が出ておらず、過去 5 年間で損失は年間26.5%の割合で増加しています。成長の加速: Sの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: Sは利益が出ていないため、過去 1 年間の収益成長をMetals and Mining業界 ( 129.4% ) と比較することは困難です。株主資本利益率高いROE: Sは現在利益が出ていないため、自己資本利益率 ( -6.64% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/29 08:45終値2026/05/19 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sherritt International Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関null nullATB Cormark Historical (Cormark Securities)Johannes FaulBMO Capital Markets Equity ResearchAlexander KodatskyCIBC Capital Markets7 その他のアナリストを表示
お知らせ • Apr 22Sherritt International Corporation to Report Q1, 2026 Results on May 12, 2026Sherritt International Corporation announced that they will report Q1, 2026 results After-Market on May 12, 2026
Reported Earnings • Feb 12Full year 2025 earnings released: CA$0.14 loss per share (vs CA$0.18 loss in FY 2024)Full year 2025 results: CA$0.14 loss per share (improved from CA$0.18 loss in FY 2024). Revenue: CA$177.3m (up 12% from FY 2024). Net loss: CA$65.4m (loss narrowed 11% from FY 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 19Sherritt International Corporation to Report Q4, 2025 Results on Feb 10, 2026Sherritt International Corporation announced that they will report Q4, 2025 results After-Market on Feb 10, 2026
Reported Earnings • Nov 07Third quarter 2025 earnings released: CA$0.04 loss per share (vs CA$0.005 profit in 3Q 2024)Third quarter 2025 results: CA$0.04 loss per share (down from CA$0.005 profit in 3Q 2024). Revenue: CA$39.7m (up 21% from 3Q 2024). Net loss: CA$19.5m (down CA$21.3m from profit in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 07Sherritt International Corporation to Report Q3, 2025 Results on Nov 05, 2025Sherritt International Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025
Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.029 loss in 2Q 2024)Second quarter 2025 results: EPS: CA$0.02 (up from CA$0.029 loss in 2Q 2024). Revenue: CA$43.7m (down 15% from 2Q 2024). Net income: CA$10.4m (up CA$21.9m from 2Q 2024). Profit margin: 24% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 24Sherritt International Corporation Halts Operations At Fort Saskatchewan RefinerySherritt International Corporation announced that operations at its refinery in Fort Saskatchewan, Alberta are transitioning to a shutdown state. Such transition aligns with the Corporation’s previously disclosed expectations, which contemplated refinery operations continuing until approximately mid-June based on available feed inventory. The shutdown is being carried out in a controlled and orderly manner, with safety and environmental considerations remaining the Corporation’s primary priorities. Sherritt has implemented shutdown procedures designed to protect employees, contractors, the surrounding community and the environment, and will retain the personnel and resources required to maintain the refinery in a safe and secure state during the shutdown period. The shutdown will continue until mining and processing activities at Moa, Cuba resume and the refinery feed pipeline is rebuilt. At this time, the Corporation is unable to provide timing guidance for when that will occur. Sherritt is maintaining its suspension of direct participation in joint venture activities in Cuba as announced in its May 7, 2026 press release. Sherritt is also continuing to work on a path to resume operations at the refinery as soon as practicable and is taking measures to preserve liquidity, manage costs and maintain operational readiness during the shutdown period. During the downtime, the Corporation will complete necessary maintenance activities that do not require significant capital investment. The Corporation continues to produce fertilizers and sulphuric acid for resale.
お知らせ • Jun 15Sherritt International Corporation Announces Appointment of Tabrez Khan as an Independent Director and Audit Committee Member, Effective June 12, 2026Sherritt International Corporation announced the appointment of Tabrez Khan as an independent director effective June 12, 2026. Tabrez Khan was nominated to the Board by Kyma Capital Opportunities Master Fund Limited, pursuant to Kyma’s nomination right under the investor rights agreement dated as of April 22, 2025 between the Corporation and Kyma. Tabrez Khan is an accomplished resource sector leader with more than 20 years of experience in global transactions and strategic advisory bringing significant experience advising public and private companies, financial institutions and government stakeholders on large-scale transactions, restructurings and strategic initiatives. He is a Partner and co-founder of GENesis Capital Advisory, where he advises clients, including critical minerals and energy companies on strategy, M&A and financing, with a strong track record of originating and executing complex cross border transactions. He previously spent over two decades with Ernst & Young, where he held senior leadership roles in leading origination of transactions and advising on strategic initiatives for resource sector clients. He is a Chartered Accountant and holds a Global Executive MBA from INSEAD. Concurrent with Tabrez Khan’s appointment to the Board, he was appointed to the audit committee of the Board. Following Tabrez Khan’s appointment, the Audit Committee consists of Dr. Peter Hancock, Chih-Ting Lo, and Tabrez Khan. As Dr. Peter Hancock is the interim Chief Executive Officer of Sherritt, he is not considered independent under National Instrument 52-110 – Audit Committees. Sherritt is relying on the temporary exemption provided in Section 3.5 of NI 52-110 for Dr. Peter Hancock’s membership on the Audit Committee. Following Tabrez Khan’s appointment, the Audit Committee is compliant with the requirements of NI 52-110 and the rules of the Toronto Stock Exchange.
お知らせ • Jun 04Sherritt International Corporation Announces Appointment of Fitzroy Richardson to Interim Chief Financial Officer, Effective June 3, 2026Sherritt International Corporation announced the appointment of Fitzroy Richardson as Interim Chief Financial Officer, effective June 3, 2026. Mr. Richardson is a seasoned finance executive with nearly 30 years of experience at Sherritt, where he has held a range of senior finance and treasury roles. He currently serves as President of New Providence Metals Marketing Inc., a Sherritt subsidiary. Prior to this, he held a number of senior roles at Sherritt, including Vice President, Global FP&A and Treasury and Director of International Treasury and Treasury Operations. Mr. Richardson is a Certified Public Accountant (CPA) and holds a Master of Business Administration from the University of Western Ontario and a Master of Science in Accounting and a Bachelor of Science in Management from the University of the West Indies.
Buy Or Sell Opportunity • May 19Now 22% overvaluedOver the last 90 days, the stock has fallen 35% to CA$0.12. The fair value is estimated to be CA$0.099, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • May 15Sherritt International Corporation Announces Resignation of Yasmin Gabriel as Chief Financial Officer, Effective May 13, 2026Sherritt International Corporation announced that Yasmin Gabriel has resigned as Chief Financial Officer of the Corporation, effective May 13, 2026. The Corporation thanks Ms. Gabriel for her many years of committed service and valued contributions and wishes her well in her future endeavors.
New Risk • May 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$94.9m (US$69.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$94.9m market cap, or US$69.4m).
お知らせ • May 10Sherritt International Corporation Announces Board Resignations, Effective May 7, 2026Sherritt International Corporation announced that Brian Imrie, Richard Moat and Brett Richards have resigned from the Corporation’s Board of Directors effective immediately on May 7, 2026.
お知らせ • Apr 23Sherritt International Corporation, Annual General Meeting, Jun 24, 2026Sherritt International Corporation, Annual General Meeting, Jun 24, 2026.
お知らせ • Apr 22Sherritt International Corporation to Report Q1, 2026 Results on May 12, 2026Sherritt International Corporation announced that they will report Q1, 2026 results After-Market on May 12, 2026
New Risk • Apr 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding).
お知らせ • Apr 08Sherritt International Corporation announced that it has received CAD 43.47 million in fundingOn April 7, 2026, Sherritt International Corporation closed the transaction. The company issued approximately 207,000,000 common shares at a price of CAD 0.21 per Common Share for gross proceeds of CAD 43,470,000. The transaction included participation from Seymour Schulich, through a corporation controlled by him, subscribed for 68,600,000 common shares for gross proceeds of approximately CAD 14,406,000. An existing shareholder of the Corporation holding approximately 13.5% of the outstanding Common Shares participated in the Private Placement.
お知らせ • Mar 31+ 1 more updateSherritt International Corporation Announces Stepping Down of Louise Blais from Board of Directors, Effective March 30, 2026Sherritt International Corporation announced that Louise Blais has stepped down from its Board effective March 30, 2026, to focus on her commitments at her strategic advisory firm Blais Global. Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America. Sherritt’s Moa Joint Venture produces cost competitive critical minerals while maintaining high sustainability standards and has an estimated mine life of approximately 25 years.
New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$116.6m market cap, or US$85.1m).
Buy Or Sell Opportunity • Feb 17Now 24% undervaluedOver the last 90 days, the stock has risen 28% to CA$0.17. The fair value is estimated to be CA$0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Feb 17Sherritt International Corporation Announces Reduce Operations at its Joint Venture in Moa, Cuba Due to Fuel Supply Convenities Impacting the CountrySherritt International Corporation announced it has reduced operations at its joint venture in Moa, Cuba due to fuel supply constraints affecting the country. The Corporation expects to pause mining operations and place the processing plant on standby within the next week during which time, planned maintenance activities will be performed. The Corporation has received notification that planned fuel deliveries for Moa will not be fulfilled and the timeline for resumption of deliveries is unknown at this time. The Corporation is actively engaging with relevant counterparts and evaluating all options for sourcing input commodities. Currently, there is no immediate impact on operations in Fort Saskatchewan, Alberta. The refinery is continuing to produce finished nickel and cobalt for sale. The inventory of feed it has available for such production is expected to last until approximately mid-April. Operations at Energas S.A. ("Energas") are continuing as planned without any impact. Sherritt is evaluating available options to maintain operations and prolong production at Moa and Fort Saskatchewan while implementing measures to preserve and maximize liquidity. These efforts include managing expenditures to maintain financial flexibility and exploring potential sources of temporary funding support. Sherritt expects to be able to provide updated 2026 guidance once it has greater certainty around the supply chain and timelines for the resumption of full operations at its mine and processing facility in Moa.
Reported Earnings • Feb 12Full year 2025 earnings released: CA$0.14 loss per share (vs CA$0.18 loss in FY 2024)Full year 2025 results: CA$0.14 loss per share (improved from CA$0.18 loss in FY 2024). Revenue: CA$177.3m (up 12% from FY 2024). Net loss: CA$65.4m (loss narrowed 11% from FY 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 11+ 1 more updateSherritt International Corporation Provides Production Guidance for the Year 2026Sherritt International Corporation provided production guidance for the year 2026. For the year, the company expects production of finished nickel of 26,000 tonnes - 28,000 tonnes,Production of Finished cobalt of 2,750 tonnes to 2,850 tonnes and Electricity production to be between 825 GWh to 875 GWh.
分析記事 • Jan 24Sherritt International Corporation (TSE:S) Shares Fly 37% But Investors Aren't Buying For GrowthDespite an already strong run, Sherritt International Corporation ( TSE:S ) shares have been powering on, with a gain...
お知らせ • Jan 19Sherritt International Corporation to Report Q4, 2025 Results on Feb 10, 2026Sherritt International Corporation announced that they will report Q4, 2025 results After-Market on Feb 10, 2026
Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Brett Richards was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 17Sherritt International Corporation Announces Board and Committee ChangesSherritt International Corporation announced that To support the appointment of a permanent CEO, the board of directors of Sherritt (the “Board”) will comprise of no more than eight directors until January 1, 2027. Effective immediately, Shelley Brown has stepped down from the Board and Brett Richards has been appointed to fill the resulting vacancy. The Board will reconstitute the CEO Search Committee, with Brian Imrie as Chair and Brett Richards and Richard Moat as members. Brett Richards will serve on at least two standing committees of the Board. In addition to the CEO Search Committee, he will join the Governance Committee. When the CEO Search Committee is disbanded following the appointment of a permanent CEO, Brett Richards will join the Reserves, Operations and Capital and Sustainability Committee, and he will be appointed to any new committee formed by the Board during this period. Brett Richards is an experienced mining executive with more than 37 years in the industry, most recently as chief executive officer of Pasofino Gold Ltd. He has held senior leadership roles at Gold X2 Mining Inc. (formerly Goldshore Resources Inc.), Banro Corporation, Midnight Sun Mining Corp., African Thunder Platinum, Renew Resources and Octéa, and previously served as transition CEO of Roxgold and as CEO of Avocet Mining plc. He was part of the five-person start-up team at Katanga Mining and has held senior executive positions with Kinross Gold and Co-Steel Inc. Mr. Richards currently serves on the boards of Nickel 28 Capital Corp., Gold X2 Mining Inc. (formerly Goldshore Resources Inc.) and Midnight Sun Mining Corp.
分析記事 • Dec 10Sherritt International Corporation's (TSE:S) Price Is Right But Growth Is Lacking After Shares Rocket 28%The Sherritt International Corporation ( TSE:S ) share price has done very well over the last month, posting an...
お知らせ • Dec 09+ 1 more updateSherritt International Corporation Announces Chief Executive Officer Changes, Effective December 8, 2025Sherritt International Corporation announced that Leon Binedell has stepped down as Chief Executive Officer of the Corporation, and that Dr. Peter Hancock has been appointed interim Chief Executive Officer, effective December 8, 2025. Since his appointment in June 2021, Mr. Binedell has guided Sherritt through one of its most challenging periods and overseen progress on several key strategic initiatives, including the expansion of the Moa Joint Venture, implementation of the Cobalt Swap agreement, optimization of the Power division and completion of the debt and equity transactions earlier this year. Dr. Hancock is a seasoned mining industry executive with more than 35 years of experience with Glencore plc, including overseeing nickel mining operations and developing and commercializing process technologies. He has served as an independent director of Sherritt since November 2021.
Board Change • Dec 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chair of the Board Brian Imrie was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 26Pala Assets Holdings Requisitions Shareholder Meeting to Replace Directors at Sherritt InternationalOn November 25, 2025, Pala Assets Holdings Limited announced that it has requisitioned a special meeting of Sherritt International Corporation shareholders and nominated 2 individuals, James Scarlett and Brett Richards, for the Company’s board of directors. In its letter, Pala Assets Holdings reiterated its concerns about the Company’s governance and operational failures and the urgent need for Board and management change – not cosmetic board reshuffles. Appointing a new Chair of the Board, without removing Leon Binedell from the Board or replacing him as President and CEO, will do nothing to fix the Company’s persistent underperformance. Pala Assets Holdings stated that it has lost all faith in Leon Binedell and Shelley Brown and their ability to make any material decisions on the Company that reflect the best interests of the Company and its shareholders. For these reasons, Pala Assets Holdings has requisitioned the special meeting and nominated 2 individuals to the Board to replace Leon Binedell and Shelley Brown.
お知らせ • Nov 24Sherritt International Corporation Announces the Appointment of Brian Imrie as Chair of the BoardSherritt International Corporation announced the appointment of Brian Imrie as an independent director to the board of directors of the Corporation. He has also been appointed Chair of the Board, effective immediately. Mr. Imrie brings extensive leadership, capital markets and mining-sector experience to Sherritt. He is currently Executive Chair at PPX Mining Corp., where he has led the company through a period of growth that included capital raising and the assembly of a strong board and experienced operational team. He is also serving as a director of Snow Lake Resources Ltd., a Canadian nuclear fuel cycle and critical minerals company listed on NASDAQ, among other board and advisory roles. Mr. Imrie previously served as Senior Managing Director and Head of Investment Banking at Jennings Capital/Mackie Research Capital, Global Head of Mining M&A at KPMG, and Co-Head of Mergers & Acquisitions at National Bank Financial, following senior roles at Credit Suisse First Boston and Morgan Stanley. Mr. Imrie holds an MBA from Harvard Business School, a B.A. in Economics and International Relations from the University of Toronto, and an ICD.D designation from the Institute of Corporate Directors. Since the annual meeting of shareholders in June, the Board has been conducting a focused process to identify at least one additional independent director with the necessary experience and skills to support Sherritt’s growth strategy. Mr. Imrie’s appointment is the outcome of that process and reflects the Board’s commitment to succession planning and ongoing refreshment. Concurrently with Mr. Imrie’s appointment, Leon Binedell is stepping down as Executive Chair and Shelley Brown is stepping down as Lead Director, while remaining on the Board as directors. Following Mr. Imrie’s onboarding, an incumbent director will retire from the Board by December 31, 2025. The new Board Chair appointment and upcoming director retirement are both in fulfillment of Sherritt’s commitment to ongoing board refreshment under the standstill and support agreement between Sherritt, Ewing Morris & Co. Investment Partners Ltd. and SC2 Inc., pursuant to which Ewing Morris and SC2 have agreed to support all director nominees recommended by management at all shareholder meetings until June 30, 2026.
分析記事 • Nov 19Is Sherritt International (TSE:S) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 07Third quarter 2025 earnings released: CA$0.04 loss per share (vs CA$0.005 profit in 3Q 2024)Third quarter 2025 results: CA$0.04 loss per share (down from CA$0.005 profit in 3Q 2024). Revenue: CA$39.7m (up 21% from 3Q 2024). Net loss: CA$19.5m (down CA$21.3m from profit in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 07Sherritt International Corporation Revises Production Guidance for the Year 2025Sherritt International Corporation revised production guidance for the year 2025. For the year, the company expects production of finished nickel of 25,000 tonnes to 25,000 tonnes compared to previous guidance of 27,000 tonnes to 29,000 tonnes. Production of Finished cobalt of 2,700 tonnes to 2,800 tonnes compared to previous guidance of 3,000 tonnes to 3,200 tonnes. Electricity production is unchanged and it is expected to be between 800 GWh to 850 GWh.
お知らせ • Oct 07Sherritt International Corporation to Report Q3, 2025 Results on Nov 05, 2025Sherritt International Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025
分析記事 • Sep 25There Is A Reason Sherritt International Corporation's (TSE:S) Price Is UndemandingYou may think that with a price-to-sales (or "P/S") ratio of 0.4x Sherritt International Corporation ( TSE:S ) is...
Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.029 loss in 2Q 2024)Second quarter 2025 results: EPS: CA$0.02 (up from CA$0.029 loss in 2Q 2024). Revenue: CA$43.7m (down 15% from 2Q 2024). Net income: CA$10.4m (up CA$21.9m from 2Q 2024). Profit margin: 24% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 30Sherritt International Corporation Revises Production Guidance for the Year 2025Sherritt International Corporation revised production guidance for the year 2025. For the year, the company expects production of finished nickel of 27,000 tonnes to 29,000 tonnes compared to previous guidance of 31,000 tonnes to 33,000 tonnes. Production of Finished cobalt of 3,000 tonnes to 3,200 tonnes compared to previous guidance of 3,300 tonnes to 3,600 tonnes. Electricity production is expected to be between 800 to 850 GWh.
お知らせ • Jul 09Sherritt International Corporation to Report Q2, 2025 Results on Jul 29, 2025Sherritt International Corporation announced that they will report Q2, 2025 results After-Market on Jul 29, 2025
お知らせ • Jun 11Sherritt International Corporation Announces Executive ChangesSherritt International Corporation announced the voting results of its 2025 Annual and Special Meeting of Shareholders held June 10, 2025, In connection with the reconstitution of the Board, the Corporation announces that Leon Binedell has been appointed Executive Chairman, following the retirement of former Chairman Sir Richard Lapthorne. Shelley Brown, an independent director of Sherritt since August 2024, has been named Lead Independent Director. The Board committees have also been reconstituted to better align with the expertise of the new directors, including the appointment of Mr. Ewing to the Reserves, Operations and Capital Committee and Mr. Moat to the Audit Committee. Additionally, the former HR Committee and the former Nominating and Corporate Governance Committee have been consolidated into a single committee. This streamlining reflects the Corporation’s commitment to enhancing Board efficiency, while reducing management’s administrative burden to support a greater focus on operational priorities.
お知らせ • Jun 10Sherritt International Corporation Announces Retirement of Sir Richard Lapthorne as Chairman of the Board of Directors, Effective June 9, 2025Sherritt International Corporation announced that Sir Richard Lapthorne, chairman of the board of directors, has advised the corporation that his previously announced retirement will be effective on June 9, 2025 due to personal reasons. Sir Richard has served as Chairman of the Board since June 2019. Over that time, the Corporation has undergone significant transformation, strengthening its balance sheet, advancing operational capabilities, and navigating an extended period of commodity price volatility. During Sir Richard’s tenure as Chairman, Sherritt completed two major debt restructurings, implemented a disciplined capital strategy, and made critical investments to extend the life of key operations. These efforts have enabled the Corporation to deliver improved future cash flow, enhance operational efficiency, and position itself as a reliable supplier of critical minerals.
New Risk • Jun 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.0% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$74.4m market cap, or US$54.5m).
お知らせ • May 23SC2 Inc Provides Information to Shareholders of Sherritt International CorporationOn May 23, 2025, SC2 Inc announced that it will vote (i) against the say-on-pay resolution proposed by the board of directors, and (ii) against the election of all nominated directors of Leon Binedell, Louise Blaise, Shelley Brown, Dr. Peter Hancock, Sir Richard Lapthorne, and Chih-Ting Lo at the Company's upcoming Annual and Special Meeting on June 10, 2025, with the exception of Richard Moat, who is being nominated for election for the first time. SC2 added that it has sought constructive engagement with the Company's Board of Directors since May 2024 and has detailed the Company's key failings 1. ongoing operational underperformance, 2. eroding shareholder value and market standing, 3. misaligned executive compensation, 4. excessive overhead, 5. ineffective oversight and governance failures, 6. strategic drift. SC2 stated that in the aggregate, the Company's persistent underperformance, weak governance, and unwillingness to address shareholder concerns compel SC2 to withhold support from the current Board (except for Richard Moat).
Reported Earnings • May 15First quarter 2025 earnings released: CA$0.10 loss per share (vs CA$0.10 loss in 1Q 2024)First quarter 2025 results: CA$0.10 loss per share (improved from CA$0.10 loss in 1Q 2024). Revenue: CA$38.4m (up 33% from 1Q 2024). Net loss: CA$40.6m (flat on 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • May 14Sherritt International Corporation Reaffirms Production Guidance for the Year 2025Sherritt International Corporation reaffirmed production guidance for the year 2025. 2025 guidance for production volumes remains unchanged.
お知らせ • Apr 30Sherritt International Corporation Announces Board ChangesSherritt International Corporation announced the appointment of Richard Moat to its Board of Directors effective April 29, 2025. Mr. Moat joins the Board as part of the investor rights agreement with a shareholder holding more than 10% of the Corporation’s outstanding common shares. He will succeed Steven Goldman who is not seeking re-election at the Corporation’s upcoming 2025 shareholder meeting on June 10, 2025. Richard Moat has a strong track record successfully leading business transformations. Mr. Moat was the Chairman of the Board for Vantiva S.A., formerly Technicolor S. A from 2022 to 2024 and served as CEO of the latter company from 2019 to 2022. Prior to that, he was the CEO of Eir Limited (“Eir”), where he successfully led a turnaround that generated shareholder value in excess of €1 billion. Joining Eir as CFO in 2012, he took the helm as CEO in 2014 through 2018 and was a director from 2018 until 2021. Mr. Moat is a Fellow of the Association of Chartered Certified Accountants. He holds a Diploma in Corporate Finance and Accounting from London Business School and has a master’s degree in Law from St Catharine’s College, Cambridge.
お知らせ • Apr 16Sherritt International Corporation to Report Q1, 2025 Results on May 13, 2025Sherritt International Corporation announced that they will report Q1, 2025 results After-Market on May 13, 2025
Price Target Changed • Mar 10Price target increased by 39% to CA$0.80Up from CA$0.57, the current price target is provided by 1 analyst. New target price is 452% above last closing price of CA$0.14. Stock is down 50% over the past year. The company posted a net loss per share of CA$0.18 last year.
分析記事 • Mar 08Sherritt International Corporation's (TSE:S) 28% Dip In Price Shows Sentiment Is Matching RevenuesSherritt International Corporation ( TSE:S ) shareholders won't be pleased to see that the share price has had a very...
Reported Earnings • Feb 06Full year 2024 earnings released: CA$0.18 loss per share (vs CA$0.16 loss in FY 2023)Full year 2024 results: CA$0.18 loss per share (further deteriorated from CA$0.16 loss in FY 2023). Revenue: CA$158.8m (down 29% from FY 2023). Net loss: CA$73.1m (loss widened 14% from FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 06+ 1 more updateSherritt International Corporation Reports Oil and Gas Impairment of Intangible Assets for the Fourth Quarter Ended December 31, 2024Sherritt International Corporation reported impairment of intangible assets for the fourth quarter ended December 31, 2024. For the quarter, the company reported Oil and Gas - Impairment of intangible assets of $8.4 million.
分析記事 • Jan 22Why Investors Shouldn't Be Surprised By Sherritt International Corporation's (TSE:S) Low P/SSherritt International Corporation's ( TSE:S ) price-to-sales (or "P/S") ratio of 0.5x might make it look like a strong...
お知らせ • Jan 17Sherritt International Corporation, Annual General Meeting, May 13, 2025Sherritt International Corporation, Annual General Meeting, May 13, 2025.
お知らせ • Nov 02Sherritt International Corporation Reiterates Production Guidance for the Full Year 2024Sherritt International Corporation reiterated production guidance for the full year 2024. for the year, the company expects production volumes remains unchanged.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: CA$0.009 (vs CA$0.062 loss in 3Q 2023)Third quarter 2024 results: EPS: CA$0.009 (up from CA$0.062 loss in 3Q 2023). Revenue: CA$32.9m (down 9.6% from 3Q 2023). Net income: CA$1.80m (up CA$26.6m from 3Q 2023). Profit margin: 5.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 09Sherritt International Corporation to Report Q3, 2024 Results on Oct 30, 2024Sherritt International Corporation announced that they will report Q3, 2024 results After-Market on Oct 30, 2024
Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Shelley Ann Brown was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 06Sherritt International Corporation Appoints Shelley Brown to Its Board of DirectorsSherritt International Corporation announced the appointment of Shelley Brown to its Board of Directors effective August 6, 2024. Ms. Brown’s appointment and significant experience will provide a seamless succession following the resignation of Anna Ladd-Kruger who is reducing her board commitments in order to take up full time study at the University of British Columbia. Ms. Brown brings considerable experience to Sherritt’s Board. As a Senior Audit Partner with Deloitte LLP she worked with a number of the firm’s major audit clients including multi-national mining and oil and gas companies listed in both Canada and the U.S. During her time in public practice, she served as the Director for Audit Services in Saskatchewan and also as Regional Managing Partner in Saskatchewan. Ms. Brown has over 30 years of board experience including serving on the boards of Stantec Incorporated and Inter Pipeline Limited. She previously served as the Chair of the Canadian Institute of Chartered Accountants. In 2013, she was appointed as the first Chair of CPA Canada. Ms. Brown is the recipient of numerous awards recognizing her accomplished career including receiving Lifetime Achievement Awards from the CPA Institutes of British Columbia and Saskatchewan and in 2018, she was named as a member of the Order of Canada for her contributions to her profession and her community.
Reported Earnings • Jul 30Second quarter 2024 earnings released: CA$0.03 loss per share (vs CA$0.001 profit in 2Q 2023)Second quarter 2024 results: CA$0.03 loss per share (down from CA$0.001 profit in 2Q 2023). Revenue: CA$51.4m (down 45% from 2Q 2023). Net loss: CA$11.5m (down CA$11.8m from profit in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
分析記事 • Jul 25Sherritt International Corporation's (TSE:S) Share Price Is Matching Sentiment Around Its RevenuesWith a price-to-sales (or "P/S") ratio of 0.5x Sherritt International Corporation ( TSE:S ) may be sending very bullish...
お知らせ • Jul 04Sherritt International Corporation to Report Q2, 2024 Results on Jul 29, 2024Sherritt International Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2024
Reported Earnings • May 10First quarter 2024 earnings released: CA$0.10 loss per share (vs CA$0.034 profit in 1Q 2023)First quarter 2024 results: CA$0.10 loss per share (down from CA$0.034 profit in 1Q 2023). Revenue: CA$28.8m (down 51% from 1Q 2023). Net loss: CA$40.9m (down 401% from profit in 1Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
分析記事 • Apr 18Is Sherritt International (TSE:S) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Board Change • Apr 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Steve Goldman was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 09Sherritt International Corporation to Report Q1, 2024 Results on May 08, 2024Sherritt International Corporation announced that they will report Q1, 2024 results After-Market on May 08, 2024
お知らせ • Mar 22Sherritt International Corporation Announces Board ChangesSherritt International Corporation announced the appointments of Louise Blais and Steven H. Goldman to its Board of Directors effective immediately. The appointments of Ms. Blais and Mr. Goldman are in accordance with Sherritt’s Board succession planning with the retirements of Maryse Belanger and John Warwick, both of whom are not seeking re-election at the Corporation’s 2024 Annual General Meeting (“AGM”). Ms. Belanger will be retiring from the Board as of March 21, 2024 and Mr. Warwick will be retiring from the Board at the AGM on May 9, 2024. Louise Blais was Canada’s Ambassador and Deputy Permanent Representative to the United Nations in New York from 2017 to 2021. During this time, she also served as Vice President to UNICEF’s Executive Board. As a senior diplomat, she served abroad in Washington and Tokyo and as Minister-Counsellor for Political Affairs at the Embassy in Paris. In 2014 she was appointed Consul General of Canada in Atlanta, covering North Carolina, South Carolina, Tennessee, Georgia, Alabama and Mississippi. Ms. Blais is currently an Associate at the Pendleton Group and Special Senior Advisor, International Affairs, to the Business Council of Canada and the QG100 in Quebec. Ms. Blais holds a B.A. from McGill University. Steven H. Goldman is a founding member of the Toronto law firm of Goldman Hine LLP which he retired from in January 2021. He is currently President, CEO and director of Comstock Metals Inc. and a director and audit committee member of Select Sands Corp. Mr. Goldman was formerly a director and audit committee member of Tribute Pharmaceuticals Inc. and a director of Allegro Health Corp. Mr. Goldman received his B.A. (President’s Medal) from Carleton University and his JD from Queen’s University.
お知らせ • Mar 14Sherritt International Corporation, Annual General Meeting, May 09, 2024Sherritt International Corporation, Annual General Meeting, May 09, 2024.
お知らせ • Feb 08Sherritt International Corporation Provides Production Guidance for the Year 2024Sherritt International Corporation provided production guidance for the year 2024. For the year, the company expects finished nickel production of 30,000 tons to 32,000 tons (100% basis); finished cobalt production of 3,100 tons to 3,400 tons (100% basis); and electricity production of 775 to 825 GWh (33 1/3% basis). Nickel and cobalt production are both expected to increase in 2024 compared to 2023 due to increased feed of mixed sulphides from the Moa mine site to the refinery as a result of access to additional ore sources to improve the blend of feed as well as increased quality and feed rates following the ramp-up of the SPP, and reduced downtime from maintenance. NDCC is expected to be lower in 2024 compared to 2023 due to lower expected maintenance activity, cost optimization, and higher expected production and sales, including increased fertilizer by-product sales. Electricity production is expected to be higher in 2024 compared to 2023 primarily due to the full year receipt of additional gas from the two wells that went into production in Second Quarter 2023.
お知らせ • Jan 16+ 2 more updatesSherritt International Corporation Announces Workforce ReductionSherritt International Corporation announced that as a result of the changes made regarding corporate restructuring, the workforce across the Corporation’s Canadian operations is being reduced by approximately 10%, with annual employee cost savings of $13 million expected to be realized.
New Risk • Nov 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$135.1m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
分析記事 • Nov 21Sherritt International (TSE:S) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Price Target Changed • Nov 05Price target decreased by 11% to CA$0.80Down from CA$0.90, the current price target is an average from 3 analysts. New target price is 100% above last closing price of CA$0.40. Stock is down 9.1% over the past year. The company posted earnings per share of CA$0.16 last year.
Reported Earnings • Nov 02Third quarter 2023 earnings released: CA$0.06 loss per share (vs CA$0.068 loss in 3Q 2022)Third quarter 2023 results: CA$0.06 loss per share (improved from CA$0.068 loss in 3Q 2022). Revenue: CA$36.4m (up 21% from 3Q 2022). Net loss: CA$24.8m (loss narrowed 7.8% from 3Q 2022). Revenue is expected to decline by 43% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 17%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 12Sherritt International Corporation to Report Q3, 2023 Results on Nov 01, 2023Sherritt International Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023
New Risk • Jul 29New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Price Target Changed • Jul 28Price target decreased by 11% to CA$0.93Down from CA$1.05, the current price target is an average from 3 analysts. New target price is 94% above last closing price of CA$0.48. Stock is up 16% over the past year. The company posted earnings per share of CA$0.16 last year.
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.20 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.001 (down from CA$0.20 in 2Q 2022). Revenue: CA$93.5m (up 42% from 2Q 2022). Net income: CA$300.0k (down 100% from 2Q 2022). Profit margin: 0.3% (down from 124% in 2Q 2022). Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 16%. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 12Sherritt International Corporation to Report Q2, 2023 Results on Jul 26, 2023Sherritt International Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2023
Reported Earnings • May 11First quarter 2023 earnings released: EPS: CA$0.03 (vs CA$0.041 in 1Q 2022)First quarter 2023 results: EPS: CA$0.03 (down from CA$0.041 in 1Q 2022). Revenue: CA$58.6m (up 72% from 1Q 2022). Net income: CA$13.6m (down 17% from 1Q 2022). Profit margin: 23% (down from 48% in 1Q 2022). Revenue is expected to decline by 18% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 04Is Sherritt International (TSE:S) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Feb 18Sherritt International Corporation, Annual General Meeting, May 11, 2023Sherritt International Corporation, Annual General Meeting, May 11, 2023.
お知らせ • Feb 16Sherritt International Corporation Appoints Anna Ladd-Kruger to its Board of DirectorsSherritt International Corporation announced that Anna Ladd-Kruger, a seasoned mining industry financial executive with more than 20 years of experience in mining exploration and operations, has been appointed to company's Board of Directors effective February 15, 2023 as Sherritt looks to effectively transition responsibilities ahead of a planned retirement from its Board. Ms. Ladd-Kruger has held key executive positions at several Canadian publicly listed mining companies, including roles supporting the transition from exploration to production and raising substantial debt and equity. Most recently, Ms. Ladd-Kruger was the Chief Financial Officer (CFO) of McEwen Mining Inc. where she was brought in to lead financial and operational turnaround strategies and was key to the McEwen Copper Asset spin-out, including serving as its CFO and director. Ms. Ladd-Kruger previously served as the CFO and VP Corporate Development for a number of mining companies and began her career working at Vale S.A.'s Thompson and Sudbury Canadian operations before joining Kinross Gold Corporation as their North American Group Controller. Ms. Ladd-Kruger is currently serving as the Independent Chair of the Board at Nova Minerals Limited. She sits on the board and is a member of the Audit Committee at SilverCrest Metals Inc. and is a member of the board as well as Audit Chair and a committee member of the ESG and Technical Committee at Integra Resources Corp. Ms. Ladd-Kruger holds both a CPA and CMA designation, a Master’s of Economics from Queen’s University and a Bachelor of Commerce from the University of British Columbia. She also holds the Canadian Institute of Corporate Directors designation (ICD.D).
Reported Earnings • Feb 09Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: CA$178.8m (up 62% from FY 2021). Net income: CA$63.7m (up CA$77.1m from FY 2021). Profit margin: 36% (up from net loss in FY 2021). Revenue exceeded analyst estimates by 1.6%. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 24Sherritt International Corporation Provides Production Guidance for the Year 2023Sherritt International Corporation provided production guidance for the year 2023. For the period, the company's finished nickel production is forecast to be 30,000 tonnes - 32,000 tonnes (100% basis), while finished cobalt production is forecast to be 3,100 tonnes - 3,400 tonnes (100% basis). Power production is forecast to be 575 gigawatts - 625 gigawatts (GWh) of electricity.
お知らせ • Jan 17Sherritt International Corporation to Report Q4, 2022 Results on Feb 08, 2023Sherritt International Corporation announced that they will report Q4, 2022 results After-Market on Feb 08, 2023
Major Estimate Revision • Nov 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$159.5m to CA$172.3m. EPS estimate fell from CA$0.34 to CA$0.22 per share. Net income forecast to shrink 26% next year vs 8.3% growth forecast for Metals and Mining industry in Canada . Consensus price target of CA$0.99 unchanged from last update. Share price fell 4.3% to CA$0.45 over the past week.
Reported Earnings • Nov 04Third quarter 2022 earnings released: CA$0.072 loss per share (vs CA$0.039 loss in 3Q 2021)Third quarter 2022 results: CA$0.072 loss per share (further deteriorated from CA$0.039 loss in 3Q 2021). Revenue: CA$30.2m (up 46% from 3Q 2021). Net loss: CA$26.9m (loss widened 74% from 3Q 2021). Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 18Sherritt International Corporation to Report Q3, 2022 Results on Nov 02, 2022Sherritt International Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022
分析記事 • Sep 27Does Sherritt International (TSE:S) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Major Estimate Revision • Aug 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$135.0m to CA$172.5m. EPS estimate unchanged from CA$0.30 at last update. Metals and Mining industry in Canada expected to see average net income growth of 7.4% next year. Consensus price target broadly unchanged at CA$0.95. Share price rose 28% to CA$0.46 over the past week.
Reported Earnings • Jul 28Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: CA$65.9m (up 113% from 2Q 2021). Net income: CA$81.5m (up CA$91.9m from 2Q 2021). Over the next year, revenue is expected to shrink by 21% compared to a 22% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 28Sherritt International Corporation Provides Production Guidance for the Year of 2022Sherritt International Corporation provided production guidance for the year of 2022. For the year, company expects production guidance of Nickel, finished 32,000 - 34,000 tonne range and based on the expected nickel to cobalt ratio in the ore, cobalt production is estimated to be at the lower end of the 3,400 – 3,700 tonne range.
Price Target Changed • Jul 21Price target decreased to CA$0.94Down from CA$1.04, the current price target is an average from 2 analysts. New target price is 153% above last closing price of CA$0.37. Stock is down 26% over the past year. The company is forecast to post earnings per share of CA$0.30 next year compared to a net loss per share of CA$0.034 last year.
お知らせ • Jul 13Sherritt International Corporation to Report Q2, 2022 Results on Jul 27, 2022Sherritt International Corporation announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2022
Major Estimate Revision • Jul 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CA$0.41 to CA$0.30. Revenue forecast unchanged from CA$135.0m at last update. Net income forecast to grow 2,062% next year vs 16% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$1.19 to CA$1.04. Share price fell 9.8% to CA$0.37 over the past week.
Price Target Changed • Jul 06Price target decreased to CA$1.10Down from CA$1.25, the current price target is an average from 3 analysts. New target price is 182% above last closing price of CA$0.39. Stock is down 24% over the past year. The company is forecast to post earnings per share of CA$0.41 next year compared to a net loss per share of CA$0.034 last year.
分析記事 • May 19We Think Sherritt International's (TSE:S) Profit Is Only A Baseline For What They Can AchieveEven though Sherritt International Corporation's ( TSE:S ) recent earnings release was robust, the market didn't seem...