Imperial Metals (III) Given New C$1.00 Price Target at Canaccord Genuity

Imperial Metals (TSE:III) had its price target lowered by Canaccord Genuity from C$2.50 to C$1.00 in a report published on Friday. The firm currently has a sell rating on the stock.

Several other equities research analysts have also commented on III. CIBC restated an outperform rating and issued a C$3.50 price objective on shares of Imperial Metals in a research report on Friday, September 15th. Scotiabank restated an underperform rating and issued a C$3.00 price objective on shares of Imperial Metals in a research report on Tuesday, October 17th. Finally, TD Securities lowered their price objective on Imperial Metals from C$4.00 to C$3.50 in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$3.18.

Shares of Imperial Metals (TSE:III) traded down C$0.39 during trading hours on Friday, reaching C$2.65. 343,015 shares of the company traded hands, compared to its average volume of 212,507. Imperial Metals has a one year low of C$2.19 and a one year high of C$7.89. The firm has a market cap of $303.39, a P/E ratio of -24.09 and a beta of 0.88.

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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.

Analyst Recommendations for Imperial Metals (TSE:III)

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