Imperial Metals Corporation

IPMLF

Copper · Basic Materials

Price

$4.98

+0.21 (+4.45%)

Market Cap

$806.1M

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count rising — dilution

+26.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 136.4M (2021) → 172.8M (2025)

Imperial Metals is a Canadian mining company that digs copper and other metals out of the ground. Its main operation is the Red Chris mine in British Columbia, Canada, which it co-owns with Newcrest Mining (now Newmont). The company also has the Mount Polley mine in British Columbia, which has been operating at reduced capacity following a tailings dam breach in 2014. It sells copper concentrate — a processed form of raw copper — primarily to smelters and metal traders.

Imperial Metals makes money by selling copper and gold contained in the concentrate it produces. It operates entirely in British Columbia, making it a small, geographically concentrated miner with a market cap under $1 billion. The partnership with Newmont at Red Chris brings technical and financial support, but the company faces real risks from copper price swings, regulatory scrutiny tied to its environmental history, and the high costs of running remote mines in northern Canada.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-12.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-68.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

50.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$91M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Imperial Metals Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

28.9%

Modest — 28.9% gross margin

Operating Margin

26.0%

Excellent — 26.0% operating margin

ROCE

3.2%

Weak — 3.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+14.3%

Fast-growing sales (14.3% YoY)

EPS YoY

-24.4%

Earnings shrinking (-24.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

275%

Turns 275% of profit into real cash

FCF Margin

20.4%

Converts sales into free cash efficiently (20.4%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.19

Conservative — low debt load (0.19)

Interest Cover

10.69x

Comfortably covers interest (10.7x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

6.7x

Attractive valuation — P/E 6.7

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial