Anglo American Platinum (OTCMKTS:ANGPY) Raised to Hold at Jefferies Financial Group

Anglo American Platinum (OTCMKTS:ANGPY) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Zacks Research raised shares of Anglo American Platinum from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Anglo American Platinum Stock Performance

Shares of OTCMKTS:ANGPY opened at $13.74 on Monday. The company’s fifty day moving average is $11.93 and its 200-day moving average is $14.00. Anglo American Platinum has a 52 week low of $7.48 and a 52 week high of $19.71.

About Anglo American Platinum

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.