Fairholme Capital Management, L.L.C. Sells 32,100 Shares of Imperial Metals Corp (TSE:III) Stock

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Imperial Metals Corp (TSE:III) insider Fairholme Capital Management, L.L.C. sold 32,100 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of C$2.49, for a total value of C$79,929.00. Following the sale, the insider now owns 9,254,621 shares in the company, valued at approximately C$23,044,006.29.

Fairholme Capital Management, L.L.C. also recently made the following trade(s):

  • On Thursday, August 1st, Fairholme Capital Management, L.L.C. sold 23,892 shares of Imperial Metals stock. The stock was sold at an average price of C$2.49, for a total value of C$59,491.08.
  • On Wednesday, July 24th, Fairholme Capital Management, L.L.C. sold 9,400 shares of Imperial Metals stock. The stock was sold at an average price of C$2.74, for a total value of C$25,756.00.

Shares of III opened at C$2.41 on Thursday. The stock’s 50-day moving average is C$2.58. The firm has a market capitalization of $312.69 million and a PE ratio of -2.61. Imperial Metals Corp has a 12 month low of C$0.93 and a 12 month high of C$3.50. The company has a debt-to-equity ratio of 212.05, a quick ratio of 0.03 and a current ratio of 1.28.

Imperial Metals (TSE:III) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C($0.09) EPS for the quarter. The business had revenue of C$13.80 million during the quarter. As a group, analysts predict that Imperial Metals Corp will post 0.06 EPS for the current year.

Several research firms have recently issued reports on III. Canaccord Genuity cut Imperial Metals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$4.00 to C$2.75 in a report on Monday, April 15th. CIBC reduced their target price on Imperial Metals from C$3.50 to C$3.00 in a report on Thursday, May 16th. Finally, TD Securities reduced their target price on Imperial Metals from C$3.00 to C$2.75 and set a “hold” rating on the stock in a report on Thursday, May 16th.

About Imperial Metals

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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