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

Anglo American Platinum Limited (OTCMKTS:ANGPY)’s stock 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.

Analysts Set New Price Targets

A number of equities research analysts have commented on ANGPY shares. Jefferies Financial Group upgraded Anglo American Platinum to a “hold” rating in a research note on Monday, August 3rd. Barclays lowered Anglo American Platinum from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Finally, Zacks Research upgraded shares of Anglo American Platinum from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Anglo American Platinum Price Performance

The firm has a 50-day moving average of $13.10 and a 200-day moving average of $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.