Anglo American Platinum (OTCMKTS:ANGPY) Shares Gap Up – Should You Buy?

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ANGPY shares. 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. Jefferies Financial Group raised shares of Anglo American Platinum to a “hold” rating in a report on Monday, August 3rd. Finally, Barclays cut shares of Anglo American Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Anglo American Platinum Stock Down 6.1%

The stock’s 50 day moving average is $14.01 and its two-hundred day moving average is $13.38.

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.