Impala Platinum (OTCMKTS:IMPUY) Reaches New 52-Week High – Here’s What Happened

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.38 and last traded at $22.45, with a volume of 1485877 shares changing hands. The stock had previously closed at $21.92.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley upgraded Impala Platinum to an “overweight” rating in a research report on Friday. Zacks Research raised 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 shares of Impala Platinum and gave the stock a “buy” rating in a report on Friday. 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 MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $23.00.

Impala Platinum Stock Up 2.4%

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 stock has a 50-day moving average price of $15.22 and a 200-day moving average price of $12.35.

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.