International Minerals Corporation Downgraded by TD Securities to Tender (IMZ)
International Minerals Corporation (TSE:IMZ) was downgraded by analysts at TD Securities from a “hold” rating to a “tender” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. They currently have a C$3.25 price objective on the stock, up from their previous price objective of C$2.75. TD Securities’ price target points to a potential upside of 13.24% from the company’s current price.
IMZ has been the subject of a number of other recent research reports. Analysts at Dundee Securities downgraded shares of International Minerals Corporation (TSE:IMZ) from a “neutral” rating to a “tender” rating in a research note to investors on Wednesday. They now have a C$3.05 price target on the stock. 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 (TSE:IMZ) traded up 1.05% during mid-day trading on Thursday, hitting $2.90. The stock had a trading volume of 937,972 shares. International Minerals Corporation has a 52-week low of $1.77 and a 52-week high of $5.81. The stock’s 50-day moving average is $2.15 and its 200-day moving average is $2.78. The company’s market cap is $341.1 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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