Monday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]
Imperial Oil Limited (IMO)
NASDAQ:AMEX Investor Relations:
imperialoil.ca/en-ca/company/investors
Company Research
Source: Globe and Mail, The
RBC Dominion Securities' Sam Crittenden thinks First Quantum Minerals Ltd. 's increase ) recent financing deals provide “the balance sheet relief to focus on near term copper growth with the S3 expansion at Kansanshi and recover value in Panama in the form of a restart or through arbitration.” While he emphasized the dispute around its Cobre Panama mine ”remains the key wildcard,” calling it “the $20-billion question,” the equity analyst sees “see more upside risk than downside” in the company's current valuation, leading him to upgrade its shares to “outperform” from “sector perform” on Monday. “We estimate FM shares are currently pricing in roughly 25 per cent of the full potential value of Cobre Panama,” said Mr. Crittenden in a research note. “If the mine were to restart, our NAVPS [net asset value [er share] for FM would be approximately $30 ($23/share for CP using 8 per cent and $4.00/lb copper). This suggests substantial upside potential if FM is able to negotiate a restar
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News
- Imperial Oil: Exxon Mobil Subsidiary With Predictable Cash Flows With An 11% FCF Yield [Seeking Alpha]Seeking Alpha
- Globe Climate: Can floating nuclear power plants serve remote Northern communities? [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Imperial Oil Limited (AMEX:IMO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Imperial Oil Limited (TSE:IMO) Analysts Just Slashed This Year's Revenue Estimates By 20% [Yahoo! Finance]Yahoo! Finance
- Imperial reports voting results for election of directorsBusiness Wire
IMO
Earnings
- 4/26/24 - Beat
IMO
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 8-K
- 4/30/24 - Form 8-K
- IMO's page on the SEC website