Anglo American Platinum (OTCMKTS:ANGPY) Shares Climb 8.7% – Still a Buy?

Anglo American Platinum Limited (OTCMKTS:ANGPY) traded up 8.7% during trading on Wednesday. The company traded as high as $11.86 and last traded at $11.85. 152,303 shares traded hands during trading, an increase of 37% from the average daily volume of 111,575 shares. The stock had previously closed at $10.90.

Wall Street Analysts Forecast Growth

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

Anglo American Platinum Trading Up 8.7%

The company has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $13.83.

Anglo American Platinum Company Profile

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.