Last C$4.27 CAD
Change Today +0.14 / 3.39%
Volume 1.0M
S On Other Exchanges
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As of 4:19 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

sherritt international corp (S) Snapshot

Open
C$4.16
Previous Close
C$4.13
Day High
C$4.31
Day Low
C$4.14
52 Week High
05/28/14 - C$4.90
52 Week Low
02/20/14 - C$2.82
Market Cap
1.3B
Average Volume 10 Days
1.3M
EPS TTM
C$0.98
Shares Outstanding
297.3M
EX-Date
06/26/14
P/E TM
4.4x
Dividend
C$0.04
Dividend Yield
2.48%
Current Stock Chart for SHERRITT INTERNATIONAL CORP (S)

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sherritt international corp (S) Details

Sherritt International Corporation, a diversified natural resource company, produces nickel, cobalt, thermal coal, oil and gas, and other commodities. Its Metals segment mines, processes, refines, and markets nickel and cobalt; and produces and sells agricultural fertilizers. This segment also owns and operates fertilizer, sulphuric acid, utilities, and storage facilities in Fort Saskatchewan. The company’s Oil and Gas segment is involved in the exploration and development of oil and gas properties in Cuba, Spain, Pakistan, and the United Kingdom. Its Power segment constructs and operates electricity generating plants that provide electricity in Cuba; and owns an electricity generating plant in Madagascar. As of December 31, 2013, this segment’s power generation facilities located in Cuba had a total capacity of 356 megawatts. The company’s Corporate and Other segment is engaged in the development and commercial application of hydrometallurgical technologies for the treatment of a range of ores, concentrates, mattes, and other feed materials for the recovery of non-ferrous and precious metals; and clean coal technologies, such as coal beneficiation, coal gasification, and coal to liquid. It operates primarily in Canada, Cuba, Madagascar, Europe, and Asia. Sherritt International Corporation was incorporated in 1995 and is headquartered in Toronto, Canada.

Founded in 1995

sherritt international corp (S) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$737.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$443.8K
Senior Vice President of Oil Gas & Power
Total Annual Compensation: C$375.0K
Senior Vice President of Ambatovy
Total Annual Compensation: C$375.0K
Senior Vice President of Coal
Total Annual Compensation: C$326.3K
Compensation as of Fiscal Year 2013.

sherritt international corp (S) Key Developments

Sherritt International Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Year Ending December 31, 2014

Sherritt International reported earnings and production results for the second Quarter and six months ended June 30, 2014. For the quarter, the company reported adjusted EBITDA of $75.4 million increased 42% for the three months ended June 30, 2014 compared to $53.2 million in the prior year period primarily due to higher adjusted EBITDA contribution from the Metals business and due to the fact that an impairment was recognized in the Power business in the prior year. Net loss was $30.1 million or $0.10 per share compared to $10.7 million or $0.04 per share in the same period in the prior year principally due to the Corporation’s share of losses in Ambatovy, which primarily consisted of significant depletion, depreciation and amortization of $40.3 million (Sherritt’s share). Adjusted operating cash flow from continuing operations per share was $0.01 compared to $0.09 per share in the same period in the prior year largely due to timing of income tax payments. Revenue was $130.2 million against $121.7 million for the same period a year ago. For six months, the company reported revenue of $251.1 million, adjusted EBITDA of $130.3 million, net loss per share of $0.26 and adjusted continuing operating cash flow per share of $0.11 against revenue of $228.7 million, adjusted EBITDA of $114.5 million, net earnings per share of $0.04 and adjusted continuing operating cash flow per share of $0.19 for the same period a year ago. For the quarter, the company reported nickel production of 3,870 tonnes (7,740 tonnes, 100% basis) and cobalt production of 376 tonnes (751 tonnes, 100% basis) were in line with production compared to the prior year period. Nickel and cobalt production at Ambatovy in the second quarter was slightly better than the first quarter and both achieved quarterly production records. In the second quarter of 2014, 3,602 tonnes of nickel was produced (9,004 tonnes, 100% basis), representing a 26% increase over the prior year period. Also during the quarter, 285 tonnes of cobalt was produced (712 tonnes, 100% basis), representing a 14% increase year-over-year. For six months, the company reported For six months, the company reported production of 16,492 million tonnes against 14,169 million tonnes a year ago. The company reported nickel production of 7,509 tonnes and cobalt production of 732 tonnes were in line with production compared to the prior year period. During the period, 7,114 tonnes of nickel was produced against 5,186 tonnes for the same period a year ago. Also during the period, 562 tonnes of cobalt was produced compared to 466 tonnes of cobalt for the same period a year ago. For the year ending December 31, 2014, the company expects production volumes to be in the range of 77,000 units to 82,000 units. Spending on capital (excluding Projects and Corporate) to be $187 million. The company expects production of Nickel, finished (tonnes, 100% basis) to be in the range of 71,000 units to 75,000 units, Cobalt, finished (tonnes, 100% basis) to be in the range of 6,050 units to 6,450 units, Oil ­ Cuba (gross working-interest, bopd) to be 19,000 units and Oil and Gas ­ All operations (net working-interest, boepd) of 11,200 units.

Sherritt International Corporation to Report Q2, 2014 Results on Jul 30, 2014

Sherritt International Corporation announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 30, 2014

Six Bidders Reportedly Looking To Buy BHP'S Nickel West Unit

MMG Limited (SEHK:1208), Glencore Plc (LSE:GLEN), Sherritt International Corporation (TSX:S), X2 Resources LLP, Trafigura Beheer B.V., Jinchuan Group Co., Ltd. are looking to acquire Australian nickel unit from BHP Billiton Limited (ASX:BHP) the Australian Financial Review reported on July 6, 2014. The bidders are also doing due diligence on Nickel West, which could be worth as much as AUD 800 million, the newspaper said. Emily Perry spokeswoman of declined to comment on the report. Spokespeople for X2 Resources, Sherritt International, MMG and Jinchuan could not be reached for comment.

 

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