Anglo American Platinum (OTCMKTS:ANGPY) Shares Up 8.7% – Here’s Why

Anglo American Platinum Limited (OTCMKTS:ANGPY) traded up 8.7% during trading on Wednesday. The stock traded as high as $11.86 and last traded at $11.85. 152,303 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 111,575 shares. The stock had previously closed at $10.90.

Analyst Ratings Changes

ANGPY has been the subject of a number of research reports. Jefferies Financial Group raised shares of Anglo American Platinum to a “hold” rating in a report on Monday, August 3rd. Barclays downgraded Anglo American Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Finally, Zacks Research raised Anglo American Platinum from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Anglo American Platinum Stock Performance

The business has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $13.83.

About Anglo American Platinum

Anglo American Platinum Limited is a South Africa-based mining and metals company historically focused on the exploration, mining, processing and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper and gold.

The company’s mining and processing operations have been concentrated primarily in South Africa, including the Mogalakwena, Amandelbult and Mototolo mining complexes, with additional interests in the Unki mine in Zimbabwe.