Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Time to Buy?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $14.13, but opened at $15.02. Impala Platinum shares last traded at $15.48, with a volume of 65,929 shares changing hands.

Analyst Ratings Changes

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

Impala Platinum Price Performance

The business’s fifty day moving average price is $18.47 and its 200 day moving average price is $14.42. The company has a quick ratio of 1.23, a current ratio of 2.74 and a debt-to-equity ratio of 0.02.

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.