Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – What’s Next?
by Jessica Moore · The Cerbat GemShares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $13.56, but opened at $12.32. Impala Platinum shares last traded at $12.33, with a volume of 9,253 shares changing hands.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a research report 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, Impala Platinum has an average rating of “Moderate Buy” and a consensus target price of $23.00.
Read Our Latest Stock Analysis on Impala Platinum
Impala Platinum Stock Performance
The stock’s 50-day moving average is $14.42 and its 200-day moving average is $15.80.
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.