Impala Platinum (OTCMKTS:IMPUY) Trading Down 12.7% – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was down 12.7% on Friday . The company traded as low as $18.40 and last traded at $18.65. Approximately 651,776 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 594,292 shares. The stock had previously closed at $21.37.

Wall Street Analyst Weigh In

IMPUY has been the subject of a number of research reports. Morgan Stanley raised shares of Impala Platinum to an “overweight” rating in a report on Friday, January 23rd. HSBC set a $23.00 price objective on Impala Platinum and gave the company 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 report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $23.00.

Impala Platinum Trading Down 14.3%

The stock has a fifty day simple moving average of $16.07 and a 200-day simple moving average of $12.66. 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.