Markets

Analyst Actions: Inmet Up 4% on Macquarie Upgrade

Inmet Mining Corp. (IMN.TO) is up $2.75 or 4% at $71.50 amid reports of an upgrade by Macquarie from Market Perform to Outperform.

According to the Financial Post, the stock has a mixed technical profile. It said Intermediate trend is down. However, it added, the stock has managed to move above its 50 and 200 day moving averages during the past two weeks. Strength relative to the TSX Composite Index has been neutral during the past two months. Support is at $58.95, resistance is at $73.86, it said.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More