Imperial Metals Corp (III) Price Target Lowered to C$5.00 at Scotiabank

Imperial Metals Corp (TSE:III) had its price objective cut by Scotiabank from C$5.50 to C$5.00 in a research note issued to investors on Thursday morning. They currently have an underperform rating on the stock.

III has been the subject of a number of other research reports. Canaccord Genuity cut shares of Imperial Metals Corp from a hold rating to a sell rating and lowered their price objective for the stock from C$6.50 to C$6.25 in a research report on Wednesday, January 18th. TD Securities reaffirmed a hold on valuation rating and set a C$7.00 price objective on shares of Imperial Metals Corp in a research report on Thursday, January 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Imperial Metals Corp presently has a consensus rating of Hold and an average target price of C$6.75.

Shares of Imperial Metals Corp (TSE:III) traded up 0.76% on Thursday, hitting $5.27. The company’s stock had a trading volume of 18,350 shares. The stock has a 50-day moving average price of $5.94 and a 200 day moving average price of $6.20. The firm’s market cap is $493.20 million. Imperial Metals Corp has a one year low of $3.46 and a one year high of $8.50.

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About Imperial Metals Corp

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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