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

Anglo American Platinum Limited (OTCMKTS:ANGPY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $12.36, but opened at $12.86. Anglo American Platinum shares last traded at $12.79, with a volume of 10,581 shares traded.

Analyst Upgrades and Downgrades

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

Anglo American Platinum Stock Performance

The company has a fifty day simple moving average of $14.07 and a two-hundred day simple moving average of $13.39.

About Anglo American Platinum

Anglo American Platinum Limited is a platinum-group metals producer formerly associated with Anglo American plc. The company mines, processes, refines and markets platinum, palladium and rhodium, along with other metals such as nickel, copper and gold that are recovered from its ore. These materials are used in automotive catalytic converters, jewelry, industrial equipment, chemical processing and other applications.

The company’s principal mining activities have historically been concentrated in South Africa, particularly in the Bushveld Complex, one of the world’s most important regions for platinum-group metals.