CIBC upgraded shares of Imperial Metals (TSE:III) from an underperform rating to a neutral rating in a report published on Wednesday morning. The brokerage currently has C$3.50 target price on the stock, up from their prior target price of C$0.60.
Separately, Canaccord Genuity raised Imperial Metals from a hold rating to a buy rating and increased their price target for the company from C$1.65 to C$4.00 in a report on Monday, March 11th.
TSE III opened at C$3.12 on Wednesday. The firm has a market cap of $239.15 million and a PE ratio of -4.20. The company has a current ratio of 0.08, a quick ratio of 0.02 and a debt-to-equity ratio of 195.40. Imperial Metals has a 1-year low of C$0.93 and a 1-year high of C$3.50.
Imperial Metals Corporation acquires, explores for, develops, and produces base and precious metals in Canada. The company explores for gold, copper, zinc, and lead. It operates through Red Chris, Mount Polley, Sterling, Huckleberry, and Corporate segments. The company's key projects are Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia; and Huckleberry copper mine in west central British Columbia.
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