Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $12.0730, but opened at $13.63. Impala Platinum shares last traded at $13.58, with a volume of 36,822 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.
Check Out Our Latest Analysis on IMPUY
Impala Platinum Stock Up 1.0%
About Impala Platinum
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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