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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares gapped down before the market opened on Friday . The stock had previously closed at $15.8828, but opened at $14.6725. Impala Platinum shares last traded at $14.44, with a volume of 69,406 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IMPUY shares. Zacks Research downgraded Impala Platinum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. HSBC set a $23.00 target price on Impala Platinum and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Morgan Stanley raised Impala Platinum to an “overweight” rating in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Price Performance

The business has a 50 day moving average price of $15.21 and a 200-day moving average price of $15.43.

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.