Imperial Metals Corp (III) PT Lowered to C$7.00
Imperial Metals Corp (TSE:III) had its target price reduced by equities research analysts at Scotiabank from C$8.00 to C$7.00 in a note issued to investors on Tuesday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 32.83% from the company’s current price.
A number of other equities analysts have also recently issued reports on III. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$7.00 price objective on shares of Imperial Metals Corp in a research report on Friday, July 22nd. Canaccord Genuity decreased their price target on shares of Imperial Metals Corp from C$11.50 to C$9.00 and set a “buy” rating for the company in a research report on Friday, August 12th. Paradigm Capital upped their price target on shares of Imperial Metals Corp from C$5.50 to C$9.50 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Finally, TD Securities decreased their price target on shares of Imperial Metals Corp from C$7.00 to C$5.50 and set a “hold” rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Imperial Metals Corp has a consensus rating of “Hold” and an average target price of C$9.46.
Shares of Imperial Metals Corp (TSE:III) opened at 5.27 on Tuesday. The company’s market capitalization is $430.88 million. Imperial Metals Corp has a 52-week low of $3.46 and a 52-week high of $8.50. The company has a 50-day moving average of $5.62 and a 200 day moving average of $6.23.
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.
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