Imperial Metals (III) Upgraded to “Neutral” by CIBC

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CIBC upgraded shares of Imperial Metals (TSE:III) from an underperform rating to a neutral rating in a report published on Wednesday. The firm currently has C$3.50 price objective on the stock, up from their previous price objective of C$0.60.

Separately, Canaccord Genuity upgraded Imperial Metals from a hold rating to a buy rating and increased their price target for the stock from C$1.65 to C$4.00 in a research note on Monday, March 11th.

Shares of III stock opened at C$3.12 on Wednesday. Imperial Metals has a 52-week low of C$0.93 and a 52-week high of C$3.50. The company has a quick ratio of 0.02, a current ratio of 0.08 and a debt-to-equity ratio of 195.40. The firm has a market capitalization of $239.15 million and a price-to-earnings ratio of -4.20.

Imperial Metals Company Profile

Imperial Metals Corporation acquires, explores for, develops, and produces base and precious metals in Canada. The company explores for gold, copper, zinc, and lead. It operates through Red Chris, Mount Polley, Sterling, Huckleberry, and Corporate segments. The company's key projects are Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia; and Huckleberry copper mine in west central British Columbia.

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