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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.

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