Anglo American Platinum (OTCMKTS:ANGPY) Raised to Hold at Zacks Research

Anglo American Platinum (OTCMKTS:ANGPY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Anglo American Platinum Stock Performance

ANGPY stock opened at $10.96 on Wednesday. Anglo American Platinum has a 1-year low of $7.36 and a 1-year high of $19.71. The business has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $14.19.

Anglo American Platinum Company Profile

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.