Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) were down 12.7% during trading on Friday . The stock traded as low as $18.40 and last traded at $18.65. Approximately 651,776 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 594,292 shares. The stock had previously closed at $21.37.
Analysts Set New Price Targets
IMPUY has been the topic of a number of research analyst reports. Zacks Research upgraded Impala Platinum from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. HSBC set a $23.00 target price on 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 research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, Impala Platinum presently has an average rating of “Buy” and an average price target of $23.00.
Check Out Our Latest Analysis on IMPUY
Impala Platinum Stock Performance
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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