Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $12.98, but opened at $13.71. Impala Platinum shares last traded at $13.42, with a volume of 21,925 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.00.
Check Out Our Latest Report on IMPUY
Impala Platinum Stock Up 5.7%
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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