Anglo American Platinum (OTCMKTS:ANGPY) Rating Increased to Strong Sell at Zacks Research

Zacks Research upgraded shares of Anglo American Platinum (OTCMKTS:ANGPY) to a strong sell rating in a research report released on Tuesday,Zacks.com reports.

Anglo American Platinum Stock Performance

Anglo American Platinum stock opened at $11.01 on Tuesday. The business has a fifty day moving average of $12.60 and a two-hundred day moving average of $14.33. Anglo American Platinum has a twelve month low of $7.36 and a twelve month high of $19.71.

Anglo American Platinum Company Profile

Anglo American Platinum PLC, trading in the United States as ADRs under the symbol ANGPY, is the world’s largest primary producer of platinum group metals (PGMs). The company’s core activities encompass the mining, processing and marketing of PGMs, which include platinum, palladium, rhodium, ruthenium and iridium. In addition to these key metals, Anglo American Platinum also produces by-product nickel, copper, cobalt and chrome, leveraging its extensive mineral reserves.

The company’s mining operations are concentrated in South Africa’s Bushveld Complex, one of the richest PGM-bearing geological formations in the world.