Sherritt International (S:CA)
Analyst Update
National Bank Financial raised its 12 month target price to $0.35 from $0.20, reflecting optimism about the company’s improving operational performance and strong commodity exposure. Analysts highlighted Sherritt’s robust position in nickel and cobalt production, as well as its efficient cost management, which supports both near-term cash flow and long-term growth potential. The update suggests confidence in Sherritt’s ability to capitalize on favorable commodity prices while maintaining a solid balance sheet, positioning the company well for strategic investments or potential expansions.
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