Imperial Metals Corp (TSE:III) had its price objective cut by equities research analysts at Scotiabank from C$5.25 to C$4.00 in a note issued to investors on Friday. The brokerage presently has an “underperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 29.45% from the stock’s current price.

Other equities analysts also recently issued reports about the company. TD Securities reiterated a “hold” rating and set a C$7.00 price objective on shares of Imperial Metals Corp in a research report on Tuesday, April 4th. Royal Bank Of Canada reduced their price objective on Imperial Metals Corp from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$6.55.

Imperial Metals Corp (TSE III) traded up 8.09% during mid-day trading on Friday, reaching $3.34. The company’s stock had a trading volume of 76,032 shares. The firm has a 50-day moving average of $4.99 and a 200-day moving average of $6.03. Imperial Metals Corp has a 52 week low of $2.95 and a 52 week high of $8.50. The stock’s market capitalization is $312.58 million.

COPYRIGHT VIOLATION WARNING: “Scotiabank Lowers Imperial Metals Corp (III) Price Target to C$4.00” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/07/07/scotiabank-lowers-imperial-metals-corp-iii-price-target-to-c4-00.html.

Imperial Metals Corp Company Profile

Imperial Metals Corporation is engaged in the exploration and development of base and precious metals from its properties. The Company’s properties include Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia, and Huckleberry copper mine in northern British Columbia.

Analyst Recommendations for Imperial Metals Corp (TSE:III)

Receive News & Ratings for Imperial Metals Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Metals Corp and related companies with MarketBeat.com's FREE daily email newsletter.