Insider Buying: Imperial Metals Corp (III) Insider Acquires 29,000 Shares of Stock

Imperial Metals Corp (TSE:III) insider Fairholme Capital Management, acquired 29,000 shares of Imperial Metals stock in a transaction dated Friday, February 9th. The stock was bought at an average price of C$2.27 per share, for a total transaction of C$65,830.00.

Fairholme Capital Management, also recently made the following trade(s):

  • On Wednesday, February 7th, Fairholme Capital Management, acquired 12,700 shares of Imperial Metals stock. The stock was bought at an average price of C$2.42 per share, for a total transaction of C$30,734.00.

Shares of Imperial Metals Corp (III) traded up C$0.03 during trading hours on Monday, hitting C$2.23. The stock had a trading volume of 133,085 shares, compared to its average volume of 120,901. Imperial Metals Corp has a twelve month low of C$2.19 and a twelve month high of C$7.24. The stock has a market capitalization of $257.09, a P/E ratio of -20.27 and a beta of 0.47.

Several analysts have recently issued reports on III shares. CIBC reduced their price objective on Imperial Metals from C$3.50 to C$2.90 in a research report on Friday, November 17th. Scotiabank reduced their price objective on Imperial Metals from C$3.00 to C$2.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 31st. Canaccord Genuity reduced their price objective on Imperial Metals from C$2.50 to C$1.00 and set a “sell” rating on the stock in a research report on Friday, January 12th. Finally, TD Securities reduced their price objective on Imperial Metals from C$4.00 to C$3.50 in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$2.96.

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About Imperial Metals

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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