Impala Platinum (IMPUY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Impala Platinum (OTCMKTS:IMPUY) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Impala Platinum Holdings Limited is in the business of mining, refining and the marketing of platinum group metals, especially platinum, as well as nickel, copper and cobalt. Implats is also involved in the secondary sourcing of material through Impala Refining Services which enables it to capitalise on the group’s competitive advantages in processing and refining. The group’s operations on the Bushveld Complex in South Africa (Impala Platinum, Marula Platinum, the Leeuwkop project and Two Rivers) and the Great Dyke in Zimbabwe (Zimplats and Mimosa) give it a significant base of attributable reserve and resource ounces of platinum. Implats also has investments in Aquarius Platinum Limited and its subsidiary Aquarius Platinum (South Africa) Limited which have PGM operations in southern Africa. There are also offshore exploration projects in Botswana, Mozambique, Madagascar and Canada. “

Separately, Deutsche Bank cut shares of Impala Platinum from a buy rating to a hold rating in a report on Wednesday, November 1st.

Impala Platinum (OTCMKTS IMPUY) opened at $2.65 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.41 and a debt-to-equity ratio of 0.17. Impala Platinum has a twelve month low of $2.11 and a twelve month high of $4.21.

TRADEMARK VIOLATION WARNING: This article was originally published by Equities Focus and is the property of of Equities Focus. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at

Impala Platinum Company Profile

Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. The Company’s segments include mining (which includes Impala, Zimplats, Marula and Afplats), refining services (which include metals purchased and toll refined), chrome processing and other.

Get a free copy of the Zacks research report on Impala Platinum (IMPUY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Impala Platinum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impala Platinum and related companies with's FREE daily email newsletter.

Leave a Reply