Sherritt swings to Q3 net loss

Sherritt International

05/11/2025 22:36

Overview

Sherritt Q3 adjusted loss per share beats analyst expectation

Adjusted EBITDA for Q3 beats estimates, reflecting cost optimization efforts

Company completes Moa JV expansion, phase two ramp up advancing

Q3 net loss from continuing operations was $19.5 million

Outlook

Sherritt revises 2025 finished nickel production guidance to 25,000-26,000 tonnes

Company lowers 2025 finished cobalt production guidance to 2,700-2,800 tonnes

Sherritt maintains NDCC guidance at US$5.75/lb to US$6.25/lb

Implementation of cost reduction initiatives anticipated to save C$20 mln annually

Result Drivers

CUBAN OPERATING CHALLENGES - Complex Cuban operating environment impacting production, recovery plan in place

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$39.7 mln
Q3 Adjusted EPS
Beat
-C$0.03
-C$0.05 (1 Analyst)
Q3 Net Income
-C$19.5 mln
Q3 Adjusted EBITDA
Beat
C$1.6 mln
C$300,000 (1 Analyst)
Q3 Combined Free Cash Flow
-C$24 mln
Q3 Net Income from Cont Ops
-C$19.5 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the diversified mining peer group is "buy."

Wall Street's median 12-month price target for Sherritt International Corp is C$0.20, about 37.5% above its November 4 closing price of C$0.13

Press Release: ID:nBw9bkrQZa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)