IMPERIAL METALS (III) Stocks
ABOUT IMPERIAL METALS
Imperial Metals Corporation is a British Columbia explorer, developer and mining operator. It engages in the acquisition, exploration, development, mining and production of base and precious metals in North America. The majority of its holdings and operations are in British Columbia.
It headquarters are in Vancouver with a workforce of about 150.
The company’s history goes back to 1959 when Imperial Metals & Power Ltd. started in British Columbia. In 1995, it merged with Bethlehem Resources Corporation and renamed IMI Imperial Metals Inc. until 2002. It completed a corporate reorganization, divested its oil and gas assets with a renewed focus on base metals, and renamed to Imperial Metals Corporation.
In 2007, it bought the Red Chris project.
In 2019, the company agreed to sell a 70% interest in Red Chris to Newcrest Mining Ltd. This allowed Imperial to strengthen its balance sheet, while continuing to hold a 30% interest in a joint venture that will leverage Newcrest’s technical expertise in block caving operations.
Imperial is now in a better position to create value and opportunities for its shareholders and stakeholders.
OVERVIEW OF IMPERIAL METALS
Imperial Metals Corporation is involve 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. It operates through five divisions: Mount Polley, Red Chris, Sterling, Huckleberry, and Corporate, which includes all other properties, and related exploration and development activities.
The Mount Polley open pit copper/gold mine is located 56 kilometers northeast of Williams Lake in central British Columbia, and covers over 18 892 hectares.
The Red Chris copper/gold deposit situated over 18 kilometers southeast of the village of Iskut in northwest British Columbia, and covers over 29 067 hectares.
The Huckleberry owns an open pit copper mine located over 88 kilometers south-southwest of Houston in west central British Columbia, and covers 19 780 hectares.
VISION & VALUES OF IMPERIAL METALS
- Imperial Metals Corporation is committed to responsible, sustainable resource development.
- People, safety and environment are important to its production planning and execution. Safety training and education are incumbent to maintaining a safe working environment for employees, and the company’s operations has a long history of supporting environmental research.
- Imperial’s objective is to manage and protect the air, water, land, vegetation, wildlife, and heritage resources of the land on which the mine is currently active, in order to support returning land use objectives after mine closure.
- Shareholders who purchase company shares can rest assured of superior value.
MARKET PERFORMANCE OF IMPERIAL METALS
Imperial Metals Corporation trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol III. The company forms part of the TSX 500.
For the September 2019 quarter, the company reports that total revenue decreased to US Dollar 46.9, a decrease of US Dollar 23.6 million or 33.0%. Adjusted EBITDA is a loss of US Dollar 1.7 million.
Net loss is US Dollar 16.0 million (US Dollar 0.12 per share). The company records income from mine operations of US Dollar 0.4 million in the September 2019 quarter compared to a loss of US Dollar 13.4 million in the 2018 comparative quarter.
Buy IMPERIAL METALS stocks / shares – A Step by Step Guide how to Buy / Purchase IMPERIAL METALS Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy IMPERIAL METALS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN IMPERIAL METALS STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE IMPERIAL METALS STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of IMPERIAL METALS stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy IMPERIAL METALS stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?