Imperial Metals Stock Rating Lowered by Scotiabank (III)
Imperial Metals (TSE:III) was downgraded by equities research analysts at Scotiabank to a “sector perform” rating in a research note issued to investors on Friday, Analyst Ratings Network.com reports.
Imperial Metals (TSE:III) traded up 3.84% on Friday, hitting $16.50. The stock had a trading volume of 82,003 shares. Imperial Metals has a 52-week low of $10.01 and a 52-week high of $16.16. The stock has a 50-day moving average of $15.01 and a 200-day moving average of $12.75. The company has a market cap of $1.231 billion and a P/E ratio of 26.48.
Imperial Metals (TSE:III) last announced its earnings results on Thursday, November 14th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.12. On average, analysts predict that Imperial Metals will post $0.51 earnings per share for the current fiscal year.
A number of other firms have also recently commented on III. Analysts at Pi Financial upgraded shares of Imperial Metals from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a C$17.50 price target on the stock, up previously from C$14.20. Analysts at TD Securities raised their price target on shares of Imperial Metals from C$15.00 to C$17.00 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Imperial Metals currently has an average rating of “Buy” and an average target price of C$17.96.
Imperial Metals Corporation is engaged in the exploration, development and production of base and precious metals from its mineral properties.
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