Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $11.12, but opened at $10.4101. Impala Platinum shares last traded at $10.55, with a volume of 44,558 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research downgraded Impala Platinum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.00.
View Our Latest Research Report on IMPUY
Impala Platinum Stock Performance
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.
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