Imperial Metals Corp (III) Insider Fairholme Capital Management, Sells 120,300 Shares

Imperial Metals Corp (TSE:III) insider Fairholme Capital Management, sold 120,300 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$2.23, for a total transaction of C$268,269.00.

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

  • On Wednesday, February 7th, Fairholme Capital Management, purchased 12,700 shares of Imperial Metals stock. The shares were bought at an average cost of C$2.42 per share, with a total value of C$30,734.00.
  • On Friday, February 9th, Fairholme Capital Management, purchased 29,000 shares of Imperial Metals stock. The shares were bought at an average cost of C$2.27 per share, with a total value of C$65,830.00.

Imperial Metals Corp (TSE III) traded down C$0.01 during trading on Tuesday, reaching C$2.22. 59,800 shares of the company’s stock were exchanged, compared to its average volume of 118,930. The firm has a market capitalization of $260.60, a P/E ratio of -20.27 and a beta of 0.47. Imperial Metals Corp has a 1 year low of C$2.19 and a 1 year high of C$7.21.

A number of analysts have recently weighed in on the stock. Scotiabank reissued an “underperform” rating and set a C$3.00 price target on shares of Imperial Metals in a research report on Tuesday, October 17th. CIBC decreased their price target on shares of Imperial Metals from C$2.90 to C$2.30 in a research report on Monday, January 22nd. TD Securities decreased their price objective on shares of Imperial Metals from C$3.25 to C$3.00 and set a “hold” rating for the company in a report on Monday, January 15th. Finally, Canaccord Genuity decreased their price objective on shares of Imperial Metals from C$3.00 to C$2.00 in a 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. Imperial Metals currently has a consensus 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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