Impala Platinum (OTCMKTS:IMPUY) Stock Price Down 9.4% – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares fell 9.4% during mid-day trading on Friday . The company traded as low as $14.43 and last traded at $14.44. 62,307 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 412,900 shares. The stock had previously closed at $15.94.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley upgraded Impala Platinum to an “overweight” rating in a research report on Friday, January 23rd. HSBC set a $23.00 price objective on Impala Platinum and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Zacks Research raised Impala Platinum from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $23.00.

Impala Platinum Trading Down 11.4%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74. The company’s 50 day moving average price is $18.47 and its 200 day moving average price is $14.38.

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.