Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.98, but opened at $15.16. Impala Platinum shares last traded at $14.90, with a volume of 12,980 shares.
Analyst Ratings Changes
Separately, Zacks Research cut Impala Platinum from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.00.
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Impala Platinum Stock Down 1.2%
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.
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