|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2720 - 0.2720|
|52 Week Range||0.2500 - 1.0100|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||0.26|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Sherritt International Corp will not be materially impacted by the Trump administration's decision to allow lawsuits in U.S. courts against foreign firms in Cuba, the Canadian mining firm said on Wednesday. The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties confiscated by Communist-ruled Cuba since Fidel Castro's revolution six decades ago, Secretary of State Mike Pompeo said. Toronto-based Sherritt, which is among foreign companies heavily invested in Cuba, said it would continue to operate as usual and would focus on meeting its nickel/cobalt production targets.
The Trump administration has placed new sanctions and other tough restrictions on Cuba and Venezuela in a series of measures designed to increase the pressure on Havana and try to force it to end its support for Nicolás Maduro, Venezuela’s de facto president. Speaking in Miami to survivors of a Cuban exile group that once led the failed 1961 Bay of Pigs invasion, John Bolton, the US national security adviser, said that Washington was targeting Cuba’s military and intelligence services through these sanctions, and that it would also restrict travel and cap exile remittances to the island.
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Sherritt International Corp said on Tuesday that recent weakness in the price of cobalt, a key material in rechargeable batteries, is expected to be temporary as demand continues to grow from the electric vehicle market. Toronto-based Sherritt said prices softened in the second quarter on growing market sentiment that price gains had outpaced an increase in demand. The average price of cobalt rose 66 percent over the same three-month period in 2017, said Sherritt, to $42.93 a pound, marking an eighth consecutive quarter of higher prices.
LONDON/TOKYO (Reuters) - Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. The Japanese electronics maker, the exclusive supplier of batteries to Tesla Inc, made the comments following questions from Reuters about whether the batteries contained Cuban cobalt. Two sources familiar with the matter told Reuters that some of the cobalt that Panasonic uses to make Tesla's batteries is mined in Cuba by Canadian supplier Sherritt International Corp.
I am going to run you through how I calculated the intrinsic value of Sherritt International Corporation (TSE:S) by estimating the company’s future cash flows and discounting them to theirRead More...