Imperial Metals (TSX: III), the Materials sector company was revisited on October 10, and remains overvalued for at least one analyst on the street. Canaccord Genuity’s analyst Dalton Baretto reiterates their Sell rating on the shares, with a C$1 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 5.3% and a 43.9% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.
Currently, the analyst consensus on Imperial Metals is a Moderate Sell with an average price target of C$1.42.
The company has a one-year high of C$3.76 and a one-year low of C$0.93. Currently, Imperial Metals has an average volume of 112.3K.
Imperial Metals Corp. engages in the acquisition, exploration, development, mining and production of base and precious metals from its mineral properties. It operates its business through the following segments: Red Chris, Mount Polley, Sterling, Huckleberry, and Corporate.
The company’s shares closed on Friday at C$1.62.