Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) shares saw strong trading volume on Thursday . 953,623 shares changed hands during mid-day trading, an increase of 222% from the previous session’s volume of 295,786 shares.The stock last traded at $13.15 and had previously closed at $13.32.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut Impala Platinum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Impala Platinum currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.
View Our Latest Analysis on IMPUY
Impala Platinum Trading Down 11.6%
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.
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