Imperial Metals Corp (III) Price Target Cut to C$2.00 by Analysts at Scotiabank
Imperial Metals Corp (TSE:III) had its price objective lowered by research analysts at Scotiabank from C$3.00 to C$2.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “underperform” rating on the stock. Scotiabank’s price target would suggest a potential downside of 32.66% from the company’s previous close.
Several other equities analysts have also issued reports on the company. CIBC reissued an “outperform” rating and issued a C$3.50 price target on shares of Imperial Metals Corp in a research note on Friday, September 15th. TD Securities lowered their target price 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Imperial Metals Corp presently has an average rating of “Hold” and a consensus target price of C$4.45.
Shares of Imperial Metals Corp (TSE III) traded down 1.98% during mid-day trading on Tuesday, hitting $2.97. 75,977 shares of the company were exchanged. The firm has a 50 day moving average of $3.33 and a 200 day moving average of $4.18. The company’s market capitalization is $277.95 million. Imperial Metals Corp has a 12-month low of $2.75 and a 12-month high of $7.89.
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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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