Impala Platinum (OTCMKTS:IMPUY) Stock Price Down 11.1% – What’s Next?

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) dropped 11.1% on Thursday . The company traded as low as $12.64 and last traded at $13.20. Approximately 444,763 shares traded hands during trading, an increase of 9% from the average daily volume of 409,368 shares. The stock had previously closed at $14.84.

Analyst Ratings Changes

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

Impala Platinum Price Performance

The company has a quick ratio of 1.23, a current ratio of 2.74 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average is $18.22 and its two-hundred day moving average is $14.54.

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.