Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) gapped down before the market opened on Tuesday . The stock had previously closed at $13.52, but opened at $12.80. Impala Platinum shares last traded at $13.08, with a volume of 61,270 shares traded.

Wall Street Analysts Forecast Growth

IMPUY has been the subject of several recent analyst reports. Morgan Stanley raised Impala Platinum to an “overweight” rating in a report on Friday, January 23rd. Zacks Research raised Impala Platinum from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, HSBC set a $23.00 price target on shares of Impala Platinum and gave the stock a “buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, Impala Platinum presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Impala Platinum Stock Performance

The business has a fifty day moving average of $18.13 and a two-hundred day moving average of $14.63. The company has a quick ratio of 1.23, a current ratio of 2.74 and a debt-to-equity ratio of 0.02.

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.