Invesco Ltd. (IVZ) Is At $37.87 Formed Wedge; GEOMEGA RESOURCES (GOMRF) Sellers Decreased By 2.86% Their Shorts

Invesco Ltd. (IVZ) formed wedge up with $39.38 target or 4.00% above today’s $37.87 share price. Invesco Ltd. (IVZ) has $15.42B valuation. The stock decreased 0.68% or $0.26 during the last trading session, reaching $37.87. About 3.18 million shares traded or 27.66% up from the average. Invesco Ltd. (NYSE:IVZ) has risen 9.83% since January 23, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

GEOMEGA RESOURCES INCORPORATED (OTCMKTS:GOMRF) had a decrease of 2.86% in short interest. GOMRF’s SI was 10,200 shares in January as released by FINRA. Its down 2.86% from 10,500 shares previously. With 100 avg volume, 102 days are for GEOMEGA RESOURCES INCORPORATED (OTCMKTS:GOMRF)’s short sellers to cover GOMRF’s short positions. The stock decreased 15.25% or $0.01 during the last trading session, reaching $0.05. About shares traded. GéoMégA Resources Inc. (OTCMKTS:GOMRF) has 0.00% since January 23, 2017 and is . It has underperformed by 16.70% the S&P500.

GéoMégA Resources Inc. engages in mineral exploration and evaluation of metals in Canada. The company has market cap of $4.38 million. The firm focuses primarily on neodymium projects. It has a 25 P/E ratio. It owns a 100% interest in the Montviel property that consists of 177 claims covering an area of 9,831 hectares; a 100% interest in the Anik property that includes 153 claims; and a 100% interest in the Rivière à l’aigle property, which includes 161 claims.

Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on January, 25. They expect $0.69 earnings per share, up 16.95% or $0.10 from last year’s $0.59 per share. IVZ’s profit will be $280.88 million for 13.72 P/E if the $0.69 EPS becomes a reality. After $0.71 actual earnings per share reported by Invesco Ltd. for the previous quarter, Wall Street now forecasts -2.82% negative EPS growth.

Among 17 analysts covering Invesco (NYSE:IVZ), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Invesco has $48 highest and $27 lowest target. $39.75’s average target is 4.96% above currents $37.87 stock price. Invesco had 74 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained Invesco Ltd. (NYSE:IVZ) rating on Thursday, September 10. Citigroup has “Buy” rating and $48 target. The rating was maintained by Deutsche Bank with “Buy” on Monday, July 18. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Wednesday, March 15 report. The stock of Invesco Ltd. (NYSE:IVZ) has “Buy” rating given on Tuesday, October 3 by Citigroup. Keefe Bruyette & Woods maintained Invesco Ltd. (NYSE:IVZ) on Monday, May 29 with “Buy” rating. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Thursday, June 16. Deutsche Bank has “Buy” rating and $34 target. RBC Capital Markets maintained Invesco Ltd. (NYSE:IVZ) on Friday, January 29 with “Outperform” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, September 21 report. The rating was maintained by RBC Capital Markets on Thursday, July 27 with “Buy”. The stock of Invesco Ltd. (NYSE:IVZ) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, January 3.

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