Imperial Metals Co. (III) Price Target Cut to C$2.90 by Analysts at CIBC

Imperial Metals Co. (TSE:III) had its price objective cut by CIBC from C$3.50 to C$2.90 in a report released on Friday morning.

A number of other research analysts have also recently commented on the stock. Scotiabank restated an underperform rating and issued a C$3.00 price target on shares of Imperial Metals in a report on Tuesday, October 17th. TD Securities cut their price target on shares of Imperial Metals from C$4.00 to C$3.50 in a report on Thursday. Finally, Canaccord Genuity cut their price target on shares of Imperial Metals from C$3.00 to C$2.00 in a report on Thursday. 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. Imperial Metals has a consensus rating of Hold and an average price target of C$3.38.

Imperial Metals (III) traded up C$0.09 during mid-day trading on Friday, reaching C$2.74. 57,914 shares of the company’s stock were exchanged, compared to its average volume of 90,057. Imperial Metals has a fifty-two week low of C$2.35 and a fifty-two week high of C$7.89.

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Imperial Metals 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.

Analyst Recommendations for Imperial Metals (TSE:III)

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