Impala Platinum (OTCMKTS:IMPUY) Trading Down 9.8% – Here’s Why

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUYGet Free Report)’s stock price was down 9.8% on Thursday . The stock traded as low as $16.12 and last traded at $16.36. Approximately 117,487 shares changed hands during trading, a decline of 73% from the average daily volume of 440,327 shares. The stock had previously closed at $18.14.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on Impala Platinum

Impala Platinum Stock Performance

The company has a quick ratio of 1.23, a current ratio of 2.74 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $18.45 and its 200-day simple moving average is $14.04.

Impala Platinum Company Profile

(Get Free Report)

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.

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