Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.52, but opened at $12.80. Impala Platinum shares last traded at $13.08, with a volume of 61,270 shares.

Wall Street Analyst Weigh In

IMPUY has been the topic of several analyst reports. Morgan Stanley upgraded 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 company a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research upgraded shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Impala Platinum currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Impala Platinum Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74. The company has a 50 day moving average price of $17.93 and a 200 day moving average price of $14.64.

Impala Platinum Company Profile

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.