Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $10.43, but opened at $10.95. Impala Platinum shares last traded at $11.08, with a volume of 7,050 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded Impala Platinum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.
View Our Latest Report on Impala Platinum
Impala Platinum Stock Up 1.6%
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.
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