RBC Capital Mkts Cuts Impala Platinum Holdings (OTCMKTS:IMPUY) Stock To a “Sector Perform” Rating


Impala Platinum Holdings (OTCMKTS:IMPUY) Receives a Downgrade

In analysts note finalized on Thursday, 17 December, RBC Capital Mkts cut shares of Impala Platinum Holdings (OTCMKTS:IMPUY) to a lower “Sector Perform” rating from the previous “Outperform” rating.

From a total of 1 analysts covering Impala Platinum Holdings Limited (OTCMKTS:IMPUY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 0% of the ratings are positive. Impala Platinum Holdings Limited was the topic of 2 analyst reports since September 7, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets upgraded shares on October 13 to “Outperform” rating.

The stock increased 2.55% or $0.04 on December 16, striking $1.69. Approximately 13,413 shares of stock traded hands. Impala Platinum Holdings Limited (ADR) (OTCMKTS:IMPUY) has declined 69.22% since May 14, 2015 and is downtrending. It has underperformed by 66.95% the S&P500.

Impala Platinum Holdings Limited is a producer of platinum and associated platinum group metals . The company has a market cap of $1.21 billion. The Company’s divisions include Mining segment, Impala Refining Services, Chrome processing and Other. It currently has negative earnings. The Company’s Mining segment includes Impala, Zimplats, Marula and Afplats.

According to Zacks Investment Research, “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.”