Imperial Metals Corp’s (III) Outperform Rating Reaffirmed at CIBC
Imperial Metals Corp (TSE:III)‘s stock had its “outperform” rating reaffirmed by research analysts at CIBC in a note issued to investors on Friday. They presently have a C$3.50 price objective on the stock. CIBC’s price target suggests a potential upside of 2.64% from the company’s previous close.
Several other brokerages also recently commented on III. Scotiabank dropped their price target on Imperial Metals Corp from C$5.50 to C$5.00 and set an “underperform” rating on the stock in a research report on Thursday, May 18th. TD Securities dropped their price target on Imperial Metals Corp from C$4.50 to C$4.00 and set a “hold” rating on the stock in a research report on Thursday, August 17th. Finally, Royal Bank Of Canada dropped their price target on Imperial Metals Corp from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Imperial Metals Corp currently has a consensus rating of “Hold” and a consensus target price of C$4.75.
Imperial Metals Corp (III) traded down 5.80% during trading on Friday, hitting $3.41. The stock had a trading volume of 154,172 shares. The company’s 50-day moving average is $3.55 and its 200 day moving average is $4.86. Imperial Metals Corp has a 52 week low of $2.94 and a 52 week high of $7.89. The firm’s market cap is $319.13 million.
About Imperial Metals Corp
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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