Imperial Metals Corp (III) Insider Buys C$65,830.00 in Stock

Imperial Metals Corp (TSE:III) insider Fairholme Capital Management, purchased 29,000 shares of Imperial Metals stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of C$2.27 per share, for a total transaction of C$65,830.00.

Fairholme Capital Management, also recently made the following trade(s):

  • On Monday, February 12th, Fairholme Capital Management, sold 120,300 shares of Imperial Metals stock. The stock was sold at an average price of C$2.23, for a total transaction of C$268,269.00.
  • On Wednesday, February 7th, Fairholme Capital Management, purchased 12,700 shares of Imperial Metals stock. The shares were acquired at an average cost of C$2.42 per share, for a total transaction of C$30,734.00.

Shares of Imperial Metals Corp (TSE:III) opened at C$2.22 on Thursday. The firm has a market cap of $260.60, a P/E ratio of -20.18 and a beta of 0.47. Imperial Metals Corp has a 1-year low of C$2.19 and a 1-year high of C$7.00.

Several brokerages have recently issued reports on III. CIBC reduced their price target on shares of Imperial Metals from C$2.90 to C$2.30 in a research report on Monday, January 22nd. TD Securities reduced their target price on shares of Imperial Metals from C$3.25 to C$3.00 and set a “hold” rating on the stock in a report on Monday, January 15th. Canaccord Genuity reduced their target price on shares of Imperial Metals from C$3.00 to C$2.00 in a report on Thursday, November 16th. Finally, Scotiabank reduced their target price on shares of Imperial Metals from C$2.50 to C$2.00 and set an “underperform” rating on the stock in a report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$2.96.

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Imperial Metals Company Profile

Imperial Metals Corporation is engaged in the exploration and development of base and precious metals from its properties. The Company’s properties include Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia, and Huckleberry copper mine in northern British Columbia.

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