M Partners Trims Imperial Metals Target Price to C$9.50 (III)
Investment analysts at M Partners decreased their target price on shares of Imperial Metals (TSE:III) from C$10.00 to C$9.50 in a note issued to investors on Tuesday. M Partners’ price objective would suggest a potential downside of 6.68% from the company’s current price.
A number of other firms have also recently commented on III. Analysts at TD Securities cut their price target on shares of Imperial Metals from C$12.00 to C$11.50 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Imperial Metals in a research note on Monday. They now have a C$11.50 price target on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$15.50.
Imperial Metals (TSE:III) traded down 4.22% during mid-day trading on Tuesday, hitting $9.75. The stock had a trading volume of 62,807 shares. Imperial Metals has a one year low of $8.65 and a one year high of $18.63. The stock’s 50-day moving average is $14.63 and its 200-day moving average is $15.19. The company has a market cap of $730.7 million and a P/E ratio of 17.25.
Imperial Metals (TSE:III) last issued its quarterly earnings data on Monday, August 18th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.03. Analysts expect that Imperial Metals will post $0.26 EPS for the current fiscal year.
Imperial Metals Corporation is engaged in the exploration, development and production of base and precious metals from its mineral properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.