Imperial Metals (III) Trading 4.5% Higher
Shares of Imperial Metals Corp (TSE:III) traded up 4.5% during trading on Thursday . The stock traded as high as C$2.32 and last traded at C$2.32. 155,882 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 118,933 shares. The stock had previously closed at C$2.22.
Several analysts have commented on the stock. CIBC decreased their target price 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 target price on shares of Imperial Metals from C$3.25 to C$3.00 and set a “hold” rating for the company in a research report on Monday, January 15th. Canaccord Genuity decreased their target price on shares of Imperial Metals from C$2.50 to C$1.00 and set a “sell” rating for the company in a research report on Friday, January 12th. Finally, Scotiabank decreased their target price on shares of Imperial Metals from C$2.50 to C$2.00 and set an “underperform” rating for the company in a research report 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’s stock. The stock currently has an average rating of “Hold” and an average price target of C$2.96.
The firm has a market cap of $272.28, a price-to-earnings ratio of -20.36 and a beta of 0.47.
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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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