CIBC Trims Imperial Metals Co. (III) Target Price to C$2.90
Several other brokerages have also issued reports on III. Scotiabank reaffirmed an underperform rating and set a C$3.00 price target on shares of Imperial Metals in a research note on Tuesday, October 17th. TD Securities cut their target price on Imperial Metals from C$4.50 to C$4.00 and set a hold rating on the stock in a research note on Thursday, August 17th. Finally, Canaccord Genuity cut their target price on Imperial Metals from C$3.00 to C$2.00 in a research note on Thursday, November 16th. Two equities research 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. The stock has a consensus rating of Hold and an average price target of C$3.38.
Imperial Metals (TSE III) opened at C$2.65 on Friday. Imperial Metals has a one year low of C$2.35 and a one year high of C$7.89.
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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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