Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Should You Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $16.65, but opened at $15.49. Impala Platinum shares last traded at $15.56, with a volume of 124,861 shares traded.

Wall Street Analysts Forecast Growth

IMPUY has been the subject of several recent research reports. Morgan Stanley upgraded shares of Impala Platinum to an “overweight” rating in a research note on Friday, January 23rd. HSBC set a $23.00 price objective on Impala Platinum and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research upgraded Impala Platinum from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $23.00.

Impala Platinum Trading Down 4.1%

The business’s 50 day moving average price is $18.45 and its 200-day moving average price is $14.18. The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02.

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.