Imperial Metals Corp (III) Shares Down 4.2%
Imperial Metals Corp (TSE:III) was down 4.2% during trading on Wednesday . The company traded as low as C$3.20 and last traded at C$3.22. Approximately 52,040 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 58,341 shares. The stock had previously closed at C$3.36.
A number of research analysts have recently issued reports on the stock. TD Securities dropped their price target 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. Scotiabank dropped their price target on shares of Imperial Metals Corp from C$4.00 to C$3.50 and set an “underperform” rating on the stock in a research note on Wednesday, August 16th. Finally, CIBC reiterated an “outperform” rating and set a C$3.50 price target on shares of Imperial Metals Corp in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$4.75.
The stock’s market cap is $332.23 million. The stock has a 50-day moving average price of $3.49 and a 200 day moving average price of $4.56.
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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