International Minerals Corporation Downgraded by Dundee Securities to “Tender” (IMZ)
International Minerals Corporation (TSE:IMZ) was downgraded by investment analysts at Dundee Securities from a “neutral” rating to a “tender” rating in a note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a C$3.05 target price on the stock. Dundee Securities’ target price would indicate a potential upside of 16.86% from the company’s current price.
International Minerals Corporation (TSE:IMZ) traded up 9.96% on Wednesday, hitting $2.87. The stock had a trading volume of 1,162,218 shares. International Minerals Corporation has a 52-week low of $1.77 and a 52-week high of $5.81. The stock has a 50-day moving average of $2.15 and a 200-day moving average of $2.78. The company’s market cap is $337.5 million.
Separately, analysts at National Bank Financial upgraded shares of International Minerals Corporation (TSE:IMZ) from an “underperform” rating to a “tender” rating in a research note to investors on Wednesday. They now have a C$3.20 price target on the stock, up previously from C$2.10.
International Minerals Corporation is engaged in exploring, developing and exploiting its mineral resource properties in South America and the United States.
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