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Imperial Metals
(TSX:III)
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Rating:72Outperform
Price Target:
C$11.00
▲(13.29% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by improved financial performance (strong profitability and conservative leverage), partially offset by cyclical volatility and inconsistent free cash flow. Technicals are supportive but look overextended, and valuation appears reasonable on earnings but lacks dividend support.
Positive Factors
Profitability turnaround
The shift from losses to strong operating and net margins indicates a materially improved earnings base. If maintained, this profitability can support reinvestment, strengthen resilience through commodity cycles, and provide greater capacity to fund operations without relying heavily on external capital.
Negative Factors
Sharp TTM revenue weakness
The reversal in revenue growth highlights meaningful sensitivity to commodity prices, production volumes, or both. Sustained top-line weakness could reduce operating leverage and make recent margins harder to preserve, limiting the durability of earnings despite the current profitability improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from losses to strong operating and net margins indicates a materially improved earnings base. If maintained, this profitability can support reinvestment, strengthen resilience through commodity cycles, and provide greater capacity to fund operations without relying heavily on external capital.
Read all positive factors
Imperial Metals (III) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.66B
Dividend YieldN/A
Average Volume (3M)196.56K
Price to Earnings (P/E)15.0
Beta (1Y)2.32
Revenue Growth4.77%
EPS Growth-43.42%
CountryCA
Employees65
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)0.62
Shares Outstanding178,178,670
10 Day Avg. Volume171,588
30 Day Avg. Volume196,563
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, together with its subsidiaries, engages in the exploration, development, and production of base and precious metals in the United States, Switzerland, China, the Philippines, Singapore, and Canada. It explores for copp...
How the Company Makes Money
Imperial Metals makes money primarily by producing minerals and selling the resulting products into commodity markets. Its core revenue model is driven by: (1) Sales of metal production: The company extracts ore and processes it into saleable prod...
Imperial Metals Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
82
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 660.50M | 691.78M | 494.37M | 344.45M | 172.80M | 133.59M |
| Gross Profit | 228.77M | 294.81M | 161.22M | -13.46M | -28.72M | 10.43M |
| EBITDA | 324.04M | 385.68M | 215.11M | 22.81M | -35.88M | 14.94M |
| Net Income | 108.28M | 153.78M | 106.26M | -36.72M | -75.97M | -26.07M |
Balance Sheet | ||||||
| Total Assets | 1.99B | 1.79B | 1.66B | 1.41B | 1.30B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 86.94M | 36.82M | 58.12M | 24.94M | 27.54M | 33.39M |
| Total Debt | 197.50M | 178.79M | 372.85M | 319.79M | 197.79M | 40.42M |
| Total Liabilities | 926.35M | 766.00M | 834.25M | 695.76M | 563.97M | 423.25M |
| Stockholders Equity | 1.07B | 1.03B | 823.63M | 716.23M | 735.73M | 763.10M |
Cash Flow | ||||||
| Free Cash Flow | 75.66M | 126.90M | -26.84M | -126.28M | -231.26M | -87.18M |
| Operating Cash Flow | 292.37M | 348.56M | 155.41M | -3.81M | -86.76M | 15.02M |
| Investing Cash Flow | -211.70M | -212.53M | -161.07M | -125.33M | -127.82M | -102.91M |
| Financing Cash Flow | -44.41M | -156.78M | 37.62M | 126.56M | 208.27M | 87.21M |
Imperial Metals Technical Analysis
Positive
9.71
Price Trends
7.94
Positive
7.39
Positive
8.42
Positive
Market Momentum
0.42
Positive
60.02
Neutral
45.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:III, the sentiment is Positive. The current price of 9.71 is above the 20-day moving average (MA) of 9.11, above the 50-day MA of 7.94, and above the 200-day MA of 8.42, indicating a bullish trend. The MACD of 0.42 indicates Positive momentum. The RSI at 60.02 is Neutral, neither overbought nor oversold. The STOCH value of 45.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | C$1.30B | 16.62 | 50.54% | 8.20% | 42.95% | 262.16% | |
72 Outperform | C$1.66B | 15.00 | 10.49% | ― | 4.77% | -43.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$1.54B | -35.51 | -36.55% | 128.75% | ― | -19.67% | |
53 Neutral | C$1.08B | -21.95 | -14.45% | ― | ― | -67.26% | |
51 Neutral | C$402.78M | -50.53 | -9.42% | ― | ― | -324.25% |
* Basic Materials Sector Average
TSE:III
Imperial Metals
9.31
4.18
81.48%
TSE:ARG
Amerigo Resources
8.05
5.98
288.70%
TSE:FDY
Faraday Copper
5.22
3.88
289.55%
TSE:MARI
Marimaca Copper
8.02
-1.58
-16.46%
TSE:LA
Los Andes Copper
13.25
5.80
77.85%
Imperial Metals Corporate Events
Business Operations and StrategyFinancial Disclosures
Imperial Metals Q2 Profit Falls as Lower Grades Hit Output, Permitting Supports Future Mine Life
Negative
Aug 6, 2026
Imperial Metals reported second-quarter 2026 revenue of $166.5 million, down from $175.8 million a year earlier, as fewer concentrate shipments and lower grades at its Mount Polley and Red Chris mines weighed on results. Net income fell to $22.0 m...
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.