Anglo American Platinum (OTCMKTS:ANGPY) Shares Gap Up – What’s Next?

Shares of Anglo American Platinum Limited (OTCMKTS:ANGPY) gapped up before the market opened on Thursday. The stock had previously closed at $10.90, but opened at $12.31. Anglo American Platinum shares last traded at $11.97, with a volume of 12,728 shares.

Wall Street Analyst Weigh In

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

Anglo American Platinum Stock Down 2.0%

The business’s fifty day moving average price is $12.99 and its 200 day moving average price is $13.79.

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.