International Minerals Corporation Rating Increased to Tender at National Bank Financial (IMZ)
International Minerals Corporation (TSE:IMZ) was upgraded by National Bank Financial from an “underperform” rating to a “tender” rating in a research note issued on Wednesday, Stock Ratings Network reports. The firm currently has a C$3.20 target price on the stock, up from their previous target price of C$2.10. National Bank Financial’s target price would suggest a potential upside of 22.61% from the company’s current price.
International Minerals Corporation (TSE:IMZ) traded up 9.96% during mid-day trading on Wednesday, hitting $2.87. 1,162,518 shares of the company’s stock traded hands. International Minerals Corporation has a one year low of $1.77 and a one year 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.
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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