Imperial Metals (III) Reaches New 1-Year Low at $2.25

Shares of Imperial Metals Co. (TSE:III) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$2.25 and last traded at C$2.27, with a volume of 148753 shares trading hands. The stock had previously closed at C$2.27.

A number of analysts have weighed in on the stock. TD Securities dropped their target price on shares of Imperial Metals from C$4.50 to C$4.00 and set a “hold” rating on the stock in a report on Thursday, August 17th. Scotiabank dropped their target price on shares of Imperial Metals from C$4.00 to C$3.50 and set an “underperform” rating on the stock in a report on Wednesday, August 16th. Canaccord Genuity lowered their price target on shares of Imperial Metals from C$3.00 to C$2.00 in a research report on Thursday, November 16th. Finally, CIBC lowered their price target on shares of Imperial Metals from C$3.50 to C$2.90 in a research report on Friday, November 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Imperial Metals currently has an average rating of “Hold” and a consensus price target of C$3.38.

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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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