Imperial Metals (III) Reaches New 1-Year Low at $2.30

Imperial Metals Co. (TSE:III) reached a new 52-week low during trading on Thursday . The company traded as low as C$2.30 and last traded at C$2.45, with a volume of 99238 shares. The stock had previously closed at C$2.45.

A number of equities research analysts recently commented on the stock. Scotiabank reaffirmed an “underperform” rating and issued a C$3.00 price target on shares of Imperial Metals in a report on Tuesday, October 17th. CIBC reissued an “outperform” rating and set a C$3.50 target price on shares of Imperial Metals in a report on Friday, September 15th. TD Securities lowered their target price on shares of Imperial Metals from C$4.50 to C$4.00 and set a “hold” rating on the stock in a report on Thursday, August 17th. Finally, Canaccord Genuity lowered their target price on shares of Imperial Metals from C$3.00 to C$2.00 in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Imperial Metals presently has a consensus rating of “Hold” and an average price target of C$3.38.

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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.

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