Imperial Metals (III) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Imperial Metals (TSE:III) issued its quarterly earnings data on Monday. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.03, Stock Ratings Network reports.
Imperial Metals (TSE:III) opened at 10.11 on Monday. Imperial Metals has a 52-week low of $8.65 and a 52-week high of $18.63. The stock’s 50-day moving average is $14.78 and its 200-day moving average is $15.25. The company has a market cap of $757.7 million and a price-to-earnings ratio of 17.82.
A number of analysts have recently weighed in on III shares. Analysts at Canaccord Genuity initiated coverage on shares of Imperial Metals in a research note on Monday. They set a “hold” rating and a C$11.50 price target on the stock. On a related note, analysts at Scotiabank cut their price target on shares of Imperial Metals from C$17.00 to C$13.50 in a research note on Wednesday, August 6th. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities downgraded shares of Imperial Metals from a “buy” rating to a “hold” rating in a research note on Wednesday, August 6th. They now have a C$12.00 price target on the stock, down previously from C$20.00. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Imperial Metals has an average rating of “Buy” and an average target price of C$16.16.
Imperial Metals Corporation is engaged in the exploration, development and production of base and precious metals from its mineral properties.
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