Anglo American Platinum (OTCMKTS:ANGPY) Shares Gap Up – Here’s What Happened

Anglo American Platinum Limited (OTCMKTS:ANGPY)’s share price 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 trading hands.

Analyst Ratings Changes

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

Anglo American Platinum Stock Performance

The stock’s 50-day moving average is $13.10 and its 200 day moving average is $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.