Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $10.43, but opened at $10.95. Impala Platinum shares last traded at $11.08, with a volume of 7,050 shares.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Impala Platinum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.00.
Read Our Latest Stock Report on Impala Platinum
Impala Platinum Trading Up 1.6%
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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