Impala Platinum (OTCMKTS:IMPUY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Impala Platinum (OTCMKTS:IMPUY) to a hold rating in a research note released on Monday,Zacks.com reports.

Impala Platinum Stock Down 11.7%

Shares of IMPUY stock opened at $10.84 on Monday. The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $11.06 and a 200 day simple moving average of $9.02. Impala Platinum has a 1 year low of $4.57 and a 1 year high of $13.76.

Impala Platinum Announces Dividend

The business also recently declared a dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.0647 dividend. This represents a dividend yield of 61.0%. The ex-dividend date was Friday, September 19th.

Impala Platinum Company Profile

Impala Platinum Holdings Limited engages in the mining, processing, concentrating, refining, and sale of platinum group metals (PGMs) and associated base metals. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold. It has operations on the PGM-bearing orebodies, including the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe, as well as the Canadian Shield.