Anglo American Platinum (OTCMKTS:ANGPY) Shares Gap Down – Time to Sell?

Anglo American Platinum Limited (OTCMKTS:ANGPY) gapped down before the market opened on Wednesday. The stock had previously closed at $12.44, but opened at $11.68. Anglo American Platinum shares last traded at $11.74, with a volume of 4,828 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ANGPY. Zacks Research upgraded Anglo American Platinum from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group upgraded shares of Anglo American Platinum to a “hold” rating in a research report on Monday, August 3rd. Finally, Barclays lowered shares of Anglo American Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Anglo American Platinum Stock Down 1.3%

The business has a fifty day moving average price of $12.89 and a two-hundred day moving average price of $13.75.

About Anglo American Platinum

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.