Imperial Metals (III) Shares Down 1.3% on Analyst Downgrade

Imperial Metals Corp (TSE:III)’s share price was down 1.3% on Friday after Canaccord Genuity lowered their price target on the stock from C$2.50 to C$1.00. Canaccord Genuity currently has a sell rating on the stock. Imperial Metals traded as low as C$2.98 and last traded at C$3.04. Approximately 73,670 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 165,143 shares. The stock had previously closed at C$3.00.

III has been the topic of a number of other reports. Scotiabank cut their price target 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. CIBC reissued an “outperform” rating and issued a C$3.50 price target on shares of Imperial Metals in a report on Friday, September 15th. Finally, TD Securities dropped their price objective on shares of Imperial Metals from C$4.00 to C$3.50 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 given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$3.18.

The firm has a market cap of $303.39, a price-to-earnings ratio of -24.09 and a beta of 0.88.

TRADEMARK VIOLATION NOTICE: This report was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2018/01/13/imperial-metals-iii-shares-down-1-3-on-analyst-downgrade.html.

Imperial Metals 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.

Receive News & Ratings for Imperial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Metals and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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