Why Has RBC Capital Markets Given Imperial Metals Corp (TSE:III) a $8.00 Price Target
Expert analysts at RBC Capital Markets a key “Sector Perform” rating for Imperial Metals Corp (TSE:III). The firm began issuing coverage in analysts note sent to investors on Wednesday morning. The target PPS may mean upside of 28.00% from the stock price.
From a total of 7 analysts covering Imperial Metals Corporation (TSE:III) stock, 3 rate it a ”Buy”, 3 a “Sell”, and 2 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $8.97 while the lowest target price is $2.99. The mean of all analyst targets is $6.51 with a 64.84% above today’s ($6.37) stock price. Imperial Metals Corporation was the topic of 4 analyst reports since August 17, 2015 according to the firm StockzIntelligence Inc.
Approximately 7,155 shares of stock traded hands. Imperial Metals Corp (TSE:III) has declined 50.62% since May 6, 2015 and is downtrending. It has underperformed by 49.82% the S&P500.
The overall sentiment of institutions has decreased to 0.91 in Q2 2015. Its down 0.14, from 1.05 in 2015Q2. The ratio is negative, as 17 institutions have sold all the shares of Imperial Metals Corp that they owned while 15 funds have taken shares off the table. 6 funds have purchased shares for the first time while 23 added to their positions. These institutions now hold 22.14 million shares or 25.71% more than the 17.62 million shares they owned in 2015Q2.
The Fund Weber Alan W currently is holding shares equating to 3.64% of its total portfolio in Imperial Metals Corp representing a total of 1.04 million shares. Another fund,Thomson Horstmann & Bryant Inc, is holding a total of 2.12 million shares equating to 0.81% of their holdings. Additionally, Punch & Associates Investment Management Inc. has a 390,000 share stake in Imperial Metals Corp which represents 0.21% of their total portfolio. The Fund, Perritt Capital Management Inc, based out of Illinois, has also built up a stake in the stock, which represents a total of 0.16% of their total portfolio. Finally Clear Harbor Asset Management Llc, a fund which is based in the state of New York reported a total holdings of 168,398 shares.
Imperial Metals Corporation is engaged in the acquisition, exploration, development, mining and production of base and precious metals. The company has a market cap of $520.82 million. The Company’s properties include Red Chris Mine, Mount Polley Mine, Huckleberry Mine, Sterling Mine and Ruddock Creek Property. It currently has negative earnings. The Red Chris property consists of the Red Chris main claim group, the Red Chris South group and the Iskut Extension Transmission Line Corridor and covers a total area of approximately 29,482 hectares.
According to Zacks Investment Research, “INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. ISG’s first acquisition – TPI, the world’s leading data and advisory firm in global sourcing – provides a solid platform upon which to build a prominent, high-growth information-based services company. Based in Stamford, Connecticut, ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. ISG’s strategy is to acquire and grow dynamic, innovative businesses that provide must have information-based services to such sectors as consumer products, retailing, financial services, manufacturing, media, marketing, healthcare, legal, government, telecommunications and technology.” Get a free copy of the Zacks research report on Imperial Metals Corp (III).