Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $14.52, but opened at $13.76. Impala Platinum shares last traded at $13.94, with a volume of 11,037 shares traded.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.
Get Our Latest Stock Analysis on Impala Platinum
Impala Platinum Stock Performance
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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