Impala Platinum (OTCMKTS:IMPUY) Reaches New 1-Year High – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) reached a new 52-week high during trading on Tuesday . The company traded as high as $23.38 and last traded at $22.45, with a volume of 1485877 shares traded. The stock had previously closed at $21.92.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IMPUY shares. Morgan Stanley raised shares of Impala Platinum to an “overweight” rating in a report on Friday, January 23rd. HSBC set a $23.00 price target on Impala Platinum and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Zacks Research upgraded Impala Platinum from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $23.00.

Impala Platinum Trading Down 2.7%

The company has a 50 day moving average of $15.71 and a 200-day moving average of $12.51. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74.

About Impala Platinum

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.