Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares gapped up prior to trading on Thursday . The stock had previously closed at $13.8380, but opened at $14.68. Impala Platinum shares last traded at $14.64, with a volume of 17,601 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Impala Platinum from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Impala Platinum Trading Up 5.0%

The firm has a fifty day moving average of $12.81 and a 200-day moving average of $13.71. The company has a quick ratio of 1.36, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

About Impala Platinum

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals group focused on the exploration, mining, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper, cobalt and gold.

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.