Imperial Metals (III) Receives a Sell from Canaccord Genuity


Imperial Metals (TSX: III), the Materials sector company, was revisited by a Wall Street analyst yesterday. Canaccord Genuity’s analyst Dalton Baretto reiterates their Sell rating on the shares, with a C$0.90 price target.

According to TipRanks.com, Baretto is a 4-star analyst with an average return of 13.7% and a 54.3% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Hecla Mining Company, Pan American Silver, and Coeur Mining.

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Currently, the analyst consensus on Imperial Metals is a Moderate Sell with an average price target of C$1.95.

The company has a one-year high of C$4.12 and a one-year low of C$0.99. Currently, Imperial Metals has an average volume of 63.38K.

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 Tuesday at C$0.99, equals to its 52-week low of C$0.99.

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