Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares gapped up before the market opened on Monday . The stock had previously closed at $18.40, but opened at $18.99. Impala Platinum shares last traded at $18.90, with a volume of 64,443 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IMPUY shares. Morgan Stanley raised shares of Impala Platinum to an “overweight” rating in a report on Friday, January 23rd. Zacks Research upgraded shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Finally, HSBC set a $23.00 target price on shares of Impala Platinum and gave the stock a “buy” rating in a research report on Friday, January 23rd. One 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.com, the company presently has an average rating of “Buy” and an average target price of $23.00.

Impala Platinum Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74. The firm has a 50-day moving average price of $17.61 and a 200-day moving average price of $13.48.

About Impala Platinum

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.