Imperial Metals Corp (TSE:III) had its price target dropped by equities research analysts at Scotiabank from C$8.50 to C$8.00 in a report issued on Friday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 35.82% from the stock’s previous close.
A number of other brokerages have also commented on III. Canaccord Genuity lowered Imperial Metals Corp from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a C$7.00 price target on shares of Imperial Metals Corp in a report on Friday, July 22nd. TD Securities boosted their price target on Imperial Metals Corp from C$6.00 to C$7.00 and gave the company a “hold” rating in a report on Monday, June 27th. Finally, Paradigm Capital boosted their price target on Imperial Metals Corp from C$5.50 to C$9.50 and gave the company a “buy” rating in a report on Tuesday, August 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$10.25.
Shares of Imperial Metals Corp (TSE:III) traded down 2.21% during mid-day trading on Friday, hitting $5.76. The company’s stock had a trading volume of 2,700 shares. The company has a 50-day moving average of $6.37 and a 200 day moving average of $6.05. Imperial Metals Corp has a 1-year low of $3.92 and a 1-year high of $8.50. The company’s market cap is $470.94 million.
About Imperial Metals Corp
Imperial Metals Corporation is engaged in the exploration and development of base and precious metals from its properties. The Company’s properties include Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia, and Huckleberry copper mine in northern British Columbia.
Receive News & Ratings for Imperial Metals Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Metals Corp and related companies with MarketBeat.com's FREE daily email newsletter.