Anglo American Platinum (OTCMKTS:ANGPY) Shares Gap Up – Time to Buy?

Anglo American Platinum Limited (OTCMKTS:ANGPY) gapped up prior to trading 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 trading hands.

Wall Street Analyst Weigh In

ANGPY has been the subject of several analyst reports. Barclays cut shares of 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 report on Monday, August 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Anglo American Platinum presently has an average rating of “Reduce”.

Anglo American Platinum Price Performance

The stock has a 50 day moving average price of $14.07 and a two-hundred day moving average price of $13.39.

Anglo American Platinum Company Profile

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.