Imperial Metals Corp (III) Price Target Cut to C$2.00 by Analysts at Scotiabank

Imperial Metals Corp (TSE:III) had its price target reduced by Scotiabank from C$3.00 to C$2.00 in a research report released on Tuesday morning. Scotiabank currently has an underperform rating on the stock.

A number of other brokerages have also recently issued reports on III. CIBC reaffirmed an outperform rating and set a C$3.50 target price on shares of Imperial Metals Corp in a research report on Friday, September 15th. TD Securities decreased their target price on Imperial Metals Corp from C$4.50 to C$4.00 and set a hold rating for the company in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$4.45.

Shares of Imperial Metals Corp (III) opened at 2.97 on Tuesday. The stock’s 50 day moving average is $3.33 and its 200-day moving average is $4.18. Imperial Metals Corp has a 1-year low of $2.75 and a 1-year high of $7.89. The stock’s market cap is $277.95 million.

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Imperial Metals Corp Company Profile

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.

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