Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) was down 4.5% on Wednesday . The stock traded as low as $10.71 and last traded at $10.85. Approximately 37,598 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 306,532 shares. The stock had previously closed at $11.36.
Wall Street Analyst Weigh In
Separately, Zacks Research cut Impala Platinum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.00.
Get Our Latest Stock Report on IMPUY
Impala Platinum Price Performance
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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