Imperial Metals Co. (III) Trading Down 2.9% on Analyst Downgrade

Imperial Metals Co. (TSE:III)’s share price dropped 2.9% on Monday after CIBC lowered their price target on the stock from C$3.50 to C$2.90. The company traded as low as C$2.73 and last traded at C$2.66. Approximately 30,003 shares changed hands during trading, a decline of 33% from the average daily volume of 44,470 shares. The stock had previously closed at C$2.74.

III has been the topic of a number of other reports. Scotiabank reduced their target price on shares of Imperial Metals from C$3.00 to C$2.00 and set an “underperform” rating on the stock in a report on Tuesday, October 31st. Canaccord Genuity cut their price objective on shares of Imperial Metals from C$3.00 to C$2.00 in a report on Thursday. Finally, TD Securities dropped their target price on shares of Imperial Metals from C$4.00 to C$3.50 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$3.38.

COPYRIGHT VIOLATION WARNING: “Imperial Metals Co. (III) Trading Down 2.9% on Analyst Downgrade” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at

About Imperial Metals

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.

What are top analysts saying about Imperial Metals Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Imperial Metals Co. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit