In a new note to investors yesterday, an analyst has provided a rating update for Imperial Metals (III). CIBC’s analyst Oscar Cabrera reiterates their Hold rating on the shares, with a C$3.50 price target.
According to TipRanks.com, Cabrera has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.7% and a 35.6% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, First Quantum Minerals Ltd, and Teck Resources Limited.
Imperial Metals has an analyst consensus of Moderate Buy, with a price target consensus of C$3.75.
The company has a one-year high of C$3.48 and a one-year low of C$0.93. Currently, Imperial Metals has an average volume of 75.33K.
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 Wednesday at C$3.39, close to its 52-week high of C$3.48.
