Impala Platinum Holdings Ltd. (IMPUY) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) from a sell rating to a hold rating in a report published on Tuesday.
According to Zacks, “Impala Platinum Holdings Limited is in the business of mining, refining and the marketing of platinum group metals, especially platinum, as well as nickel, copper and cobalt. Implats is also involved in the secondary sourcing of material through Impala Refining Services which enables it to capitalise on the group’s competitive advantages in processing and refining. The group’s operations on the Bushveld Complex in South Africa (Impala Platinum, Marula Platinum, the Leeuwkop project and Two Rivers) and the Great Dyke in Zimbabwe (Zimplats and Mimosa) give it a significant base of attributable reserve and resource ounces of platinum. Implats also has investments in Aquarius Platinum Limited and its subsidiary Aquarius Platinum (South Africa) Limited which have PGM operations in southern Africa. There are also offshore exploration projects in Botswana, Mozambique, Madagascar and Canada. “
Separately, ValuEngine lowered shares of Impala Platinum Holdings from a hold rating to a sell rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Impala Platinum Holdings has a consensus rating of Hold and a consensus target price of $4.50.
Impala Platinum Holdings (OTCMKTS IMPUY) opened at 3.23 on Tuesday. The firm has a 50-day moving average of $2.81 and a 200-day moving average of $3.14. Impala Platinum Holdings has a 52-week low of $2.53 and a 52-week high of $5.15. The stock’s market capitalization is $2.32 billion.
Impala Platinum Holdings Company Profile
Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. The Company’s segments include mining (which includes Impala, Zimplats, Marula and Afplats), refining services (which include metals purchased and toll refined), chrome processing and other.
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