Impala Platinum (OTCMKTS:IMPUY) Trading Down 5.2% – Should You Sell?

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) were down 5.2% during mid-day trading on Friday . The stock traded as low as $13.3740 and last traded at $13.3740. Approximately 37,180 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 309,334 shares. The stock had previously closed at $14.1140.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Impala Platinum Stock Performance

The firm’s 50 day moving average price is $14.88 and its two-hundred day moving average price is $15.53.

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.