Anglo American Platinum (OTCMKTS:ANGPY) Stock Jumps 1.5% – What’s Next?

Anglo American Platinum Limited (OTCMKTS:ANGPY) shares traded up 1.5% on Thursday. The company traded as high as $12.5070 and last traded at $12.48. Approximately 62,419 shares traded hands during trading, a decline of 48% from the average daily volume of 119,923 shares. The stock had previously closed at $12.30.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Anglo American Platinum to a “hold” rating in a report on Monday, August 3rd. Zacks Research raised Anglo American Platinum from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Barclays cut Anglo American Platinum from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Anglo American Platinum presently has a consensus rating of “Reduce”.

Anglo American Platinum Stock Down 1.8%

The firm has a 50 day moving average price of $14.07 and a 200-day moving average price of $13.39.

About Anglo American Platinum

Anglo American Platinum Limited is a South Africa-based producer of platinum group metals (PGMs), including platinum, palladium, rhodium, iridium and ruthenium. The company also produces associated metals such as nickel, copper, cobalt and gold as byproducts of its mining and processing activities.

Its operations have historically centered on the Bushveld Complex in South Africa, one of the world’s largest sources of PGMs, with mining assets including Mogalakwena, Amandelbult and Mototolo.