Imperial Metals Corp (TSE:III)
TSX:III
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Imperial Metals
(TSX:III)
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Rating:64Neutral
Price Target:
C$7.50
▼(-17.04% Downside)
Action:Reiterated
Date:05/09/26
The score is supported primarily by improved financial fundamentals (strong profitability and much lower leverage). It is held back by weak technicals (price below key moving averages with negative MACD and very low Stoch) and a valuation that is not clearly cheap (P/E ~24 with no dividend).
Positive Factors
Balance-sheet Strength
Leverage has declined materially to a low ~0.17–0.19 D/E on a TTM basis, reducing refinancing and solvency risk. A conservatively levered balance sheet increases resilience through commodity cycles, enables opportunistic capital allocation and lowers interest-driven profit volatility for the next several quarters.
Negative Factors
Revenue Volatility
Top-line momentum is uneven: revenue surged in prior years but is slightly negative on a TTM basis (~-3%). This volatility, driven by production variability and metal prices, undermines predictable cash flows and complicates multi-quarter planning for capex, staffing and contract commitments.
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Positive Factors
Negative Factors
Balance-sheet Strength
Leverage has declined materially to a low ~0.17–0.19 D/E on a TTM basis, reducing refinancing and solvency risk. A conservatively levered balance sheet increases resilience through commodity cycles, enables opportunistic capital allocation and lowers interest-driven profit volatility for the next several quarters.
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Imperial Metals (III) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.27B
Dividend YieldN/A
Average Volume (3M)149.91K
Price to Earnings (P/E)9.7
Beta (1Y)1.97
Revenue Growth14.21%
EPS Growth-23.19%
CountryCA
Employees57
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)0.75
Shares Outstanding178,171,170
10 Day Avg. Volume161,301
30 Day Avg. Volume149,905
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.64
Price to Sales (P/S)2.43
P/FCF Ratio13.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Imperial Metals Business Overview & Revenue Model
Company Description
Imperial Metals Corporation, a mining enterprise established in 1959 and headquartered in Vancouver, Canada, focuses on the acquisition, exploration, development, extraction, and production of base and precious metals throughout Canada. The compan...
How the Company Makes Money
Imperial Metals makes money primarily by producing and selling mineral concentrates from its mining operations. Revenue is generated when ore is mined and processed into concentrates (typically containing payable copper and, where present, payable...
Imperial Metals Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 669.73M | 691.78M | 494.37M | 344.45M | 172.80M | 133.59M |
| Gross Profit | 265.84M | 294.81M | 161.22M | -13.46M | -28.72M | 10.43M |
| EBITDA | 351.88M | 380.03M | 215.11M | 22.81M | -35.88M | 14.94M |
| Net Income | 126.84M | 153.78M | 106.26M | -36.72M | -75.97M | -26.07M |
Balance Sheet | ||||||
| Total Assets | 1.92B | 1.79B | 1.66B | 1.41B | 1.30B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 76.81M | 36.82M | 58.12M | 24.94M | 27.54M | 33.39M |
| Total Debt | 196.66M | 178.79M | 372.85M | 319.79M | 197.79M | 40.42M |
| Total Liabilities | 878.77M | 766.00M | 834.25M | 695.76M | 563.97M | 423.25M |
| Stockholders Equity | 1.04B | 1.03B | 823.63M | 716.23M | 735.73M | 763.10M |
Cash Flow | ||||||
| Free Cash Flow | 136.59M | 126.90M | -26.84M | -126.28M | -231.26M | -87.18M |
| Operating Cash Flow | 348.58M | 348.56M | 155.41M | -3.81M | -86.76M | 15.02M |
| Investing Cash Flow | -215.85M | -212.53M | -161.07M | -125.33M | -127.82M | -102.91M |
| Financing Cash Flow | -101.64M | -156.78M | 37.62M | 126.56M | 208.27M | 87.21M |
Imperial Metals Technical Analysis
Neutral
9.04
Price Trends
6.96
Positive
8.24
Negative
7.97
Negative
Market Momentum
0.05
Negative
53.79
Neutral
65.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:III, the sentiment is Neutral. The current price of 9.04 is above the 20-day moving average (MA) of 6.84, above the 50-day MA of 6.96, and above the 200-day MA of 7.97, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 53.79 is Neutral, neither overbought nor oversold. The STOCH value of 65.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:III.
Imperial Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | C$1.09B | 16.63 | 42.44% | 4.11% | 29.10% | 162.15% | |
64 Neutral | C$1.27B | 9.73 | 12.78% | ― | 14.21% | -23.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$1.68B | -50.10 | -39.74% | ― | ― | 0.40% | |
55 Neutral | C$1.96B | -49.81 | -15.03% | ― | ― | -120.73% | |
48 Neutral | C$1.09B | -23.45 | -17.73% | ― | ― | -107.42% | |
46 Neutral | C$394.34M | -36.37 | -6.57% | ― | ― | -266.01% |
* Basic Materials Sector Average
TSE:III
Imperial Metals
7.10
2.30
47.92%
TSE:ARG
Amerigo Resources
6.72
5.00
291.38%
TSE:FDY
Faraday Copper
5.76
4.96
620.00%
TSE:MARI
Marimaca Copper
8.11
2.08
34.49%
TSE:LA
Los Andes Copper
12.98
6.92
114.11%
TSE:ASCU
Arizona Sonoran Copper Co.
9.37
7.30
352.66%
Imperial Metals Corporate Events
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Imperial Metals Posts Steep Drop in Mount Polley Q1 Output as Mine Stripping Advances
Negative
Apr 14, 2026
Imperial Metals reported a sharp year-on-year decline in first-quarter 2026 production at its Mount Polley mine, with copper output down 51% to 4.399 million pounds and gold output down 28% to 7,608 ounces, driven by lower grades, recoveries and t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.