Scotiabank Reaffirms “Underperform” Rating for Imperial Metals Corp (III)
Imperial Metals Corp (TSE:III)‘s stock had its “underperform” rating reiterated by Scotiabank in a report issued on Tuesday. They presently have a C$3.00 price objective on the stock. Scotiabank’s target price would indicate a potential downside of 11.76% from the stock’s previous close.
Several other research firms have also weighed in on III. CIBC reissued an “outperform” rating and set a C$3.50 price objective on shares of Imperial Metals Corp in a research note on Friday, September 15th. TD Securities reduced their price objective on shares of Imperial Metals Corp from C$4.50 to C$4.00 and set a “hold” rating on the stock in a research note on Thursday, August 17th. 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 stock. Imperial Metals Corp presently has a consensus rating of “Hold” and a consensus price target of C$4.65.
Imperial Metals Corp (III) traded down 6.34% during midday trading on Tuesday, hitting $3.40. 36,630 shares of the stock were exchanged. Imperial Metals Corp has a one year low of $2.94 and a one year high of $7.89. The firm’s market capitalization is $318.19 million. The company has a 50 day moving average price of $3.54 and a 200 day moving average price of $4.43.
TRADEMARK VIOLATION NOTICE: “Scotiabank Reaffirms “Underperform” Rating for Imperial Metals Corp (III)” was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/10/17/scotiabank-reaffirms-underperform-rating-for-imperial-metals-corp-iii.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.
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.