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3 Ways to Play a Surge in Palladium Prices

Russia’s Ukraine crisis, ongoing South Africa strike could create serious shortage

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Impala Platinum Holdings (IMPUY)

Impala Platinum Holdings IMPUYAs the world’s second largest platinum producer behind Anglo American Platinum, it goes without saying that Impala Platinum Holdings (IMPUY) has faced headwinds with the South Africa mining strike so far this year. As a result, production of platinum group metals plummeted by more than a third in February. That said, eventually the strike that has idled 70,000 South African mine workers will end and IMPUY will get operations back on track.

With a market cap of $6.85 billion, IMPUY has a price to earnings growth (PEG) ratio of 1.5 and a forward P/E of about 14, suggesting the stock could be slightly overvalued. The stock is down about 5% year to date, but if the strike ends soon and production ramps up, investors could have some good news in the second half of the year.

Article printed from InvestorPlace Media, http://investorplace.com/2014/05/palladium-prices/.

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