Northam Platinum Ltd traded at 23,181.50 this Tuesday October 27th, decreasing 134.50 or 0.58 percent since the previous trading session. Looking back, over the last four weeks, Northam Platinum lost 9.09 percent. Over the last 12 months, its price fell by 14.38 percent. Looking ahead, we forecast Northam Platinum Ltd to be priced at 22,468.83 by the end of this quarter and at 20,342.24 in one year, according to Trading Economics global macro models projections and analysts expectations.
Northam Platinum Limited is a South Africa-based independent integrated platinum group metal (PGM) producer. The Company operates through two segments: the Zondereinde mine and the Booysendal mine. The Zondereinde lease area is also the location for the Company's metallurgical operations, which include a smelter and base metals recovery plant. The shallower mechanized Booysendal UG2 North mine is located near the town of Mashishing. Both the mines are located in the Bushveld Complex, South Africa. Its other projects include Eland and Dwaalkop. Its primary products are the three main PGMs: platinum, palladium and rhodium. The primary consumers of platinum, palladium and rhodium are the motor-manufacturing and jewelry industries. Northam Chrome Proprietary Limited, Booysendal Platinum Proprietary Limited and Khumama Platinum Proprietary Limited are the subsidiaries of the Company.