Scotiabank Lowers Imperial Metals Corp (III) Price Target to C$4.00
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.
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.
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