Impala Platinum (OTCMKTS:IMPUY) Trading Down 5.2% – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) dropped 5.2% during trading on Friday . The company traded as low as $13.3740 and last traded at $13.3740. Approximately 37,180 shares were traded during trading, a decline of 88% from the average daily volume of 309,334 shares. The stock had previously closed at $14.1140.

Wall Street Analysts Forecast Growth

IMPUY has been the topic of a number of recent analyst reports. Zacks Research cut shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. HSBC set a $23.00 target price on shares of Impala Platinum and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley upgraded shares of Impala Platinum to an “overweight” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Impala Platinum Trading Down 3.4%

The business’s fifty day simple moving average is $14.94 and its 200-day simple moving average is $15.54.

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.