Anglo American Platinum (OTCMKTS:ANGPY) Shares Gap Down – Time to Sell?

Anglo American Platinum Limited (OTCMKTS:ANGPY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $12.44, but opened at $11.68. Anglo American Platinum shares last traded at $11.74, with a volume of 4,828 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on ANGPY. Zacks Research raised Anglo American Platinum from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Barclays lowered 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 raised shares of Anglo American Platinum to a “hold” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Anglo American Platinum presently has a consensus rating of “Reduce”.

Anglo American Platinum Trading Down 2.8%

The business has a fifty day simple moving average of $12.78 and a 200 day simple moving average of $13.69.

Anglo American Platinum Company Profile

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.