Anglo American Platinum (OTCMKTS:ANGPY) Stock Price Up 1.5% – What’s Next?

Anglo American Platinum Limited (OTCMKTS:ANGPY) rose 1.5% during mid-day trading on Thursday. The stock traded as high as $12.5070 and last traded at $12.48. 62,419 shares were traded during trading, a decline of 48% from the average daily volume of 119,923 shares. The stock had previously closed at $12.30.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research raised Anglo American Platinum from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Barclays lowered Anglo American Platinum from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group raised shares of Anglo American Platinum to a “hold” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Anglo American Platinum Stock Up 1.5%

The company’s 50 day simple moving average is $14.07 and its two-hundred day simple moving average is $13.40.

Anglo American Platinum Company Profile

Anglo American Platinum Limited is a South Africa-based producer of platinum group metals (PGMs), including platinum, palladium, rhodium, iridium and ruthenium. The company also produces associated metals such as nickel, copper, cobalt and gold as byproducts of its mining and processing activities.

Its operations have historically centered on the Bushveld Complex in South Africa, one of the world’s largest sources of PGMs, with mining assets including Mogalakwena, Amandelbult and Mototolo.