Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $15.85, but opened at $15.00. Impala Platinum shares last traded at $14.65, with a volume of 10,933 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on IMPUY shares. Zacks Research raised shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Morgan Stanley raised shares of Impala Platinum to an “overweight” rating in a research note on Friday, January 23rd. Finally, HSBC set a $23.00 target price on Impala Platinum and gave the company a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $23.00.

Impala Platinum Stock Down 6.6%

The firm has a fifty day moving average of $18.40 and a two-hundred day moving average of $14.51. The company has a quick ratio of 1.23, a current ratio of 2.74 and a debt-to-equity ratio of 0.02.

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.