Anglo American Platinum (OTCMKTS:ANGPY – Get Free Report) was upgraded by stock analysts at Zacks Research to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.
Anglo American Platinum Trading Down 2.3%
Shares of Anglo American Platinum stock opened at $11.01 on Tuesday. The stock has a 50 day moving average price of $12.60 and a 200-day moving average price of $14.33. Anglo American Platinum has a one year low of $7.36 and a one year high of $19.71.
About Anglo American Platinum
Anglo American Platinum PLC, trading in the United States as ADRs under the symbol ANGPY, is the world’s largest primary producer of platinum group metals (PGMs). The company’s core activities encompass the mining, processing and marketing of PGMs, which include platinum, palladium, rhodium, ruthenium and iridium. In addition to these key metals, Anglo American Platinum also produces by-product nickel, copper, cobalt and chrome, leveraging its extensive mineral reserves.
The company’s mining operations are concentrated in South Africa’s Bushveld Complex, one of the richest PGM-bearing geological formations in the world.
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