Imperial Metals (III) has received a rating update from a Wall Street analyst today. The company received a Buy rating from Canaccord Genuity’s analyst Dalton Baretto, with a C$4 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 6.0% and a 46.9% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, First Quantum Minerals Ltd, and Teck Resources Limited.
Currently, the analyst consensus on Imperial Metals is a Moderate Buy with an average price target of C$4.
Based on Imperial Metals’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$28.61 million. In comparison, last year the company had a net profit of C$33.91 million.
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 Monday at C$3.06.
