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.
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.
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