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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $14.13, but opened at $15.02. Impala Platinum shares last traded at $15.48, with a volume of 65,929 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on IMPUY shares. Morgan Stanley upgraded Impala Platinum to an “overweight” rating in a research note on Friday, January 23rd. Zacks Research upgraded Impala Platinum from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Finally, HSBC set a $23.00 target price on Impala Platinum and gave the stock a “buy” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus 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 stock’s fifty day simple moving average is $18.47 and its two-hundred day simple moving average is $14.42.

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.