Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Here’s What Happened

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $21.46, but opened at $17.42. Impala Platinum shares last traded at $17.09, with a volume of 113,213 shares trading hands.

Analysts Set New Price Targets

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

Impala Platinum Stock Performance

The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $18.45 and its 200-day moving average price is $14.04.

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.