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

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

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

Anglo American Platinum Stock Up 10.7%

Shares of OTCMKTS:ANGPY opened at $13.74 on Monday. Anglo American Platinum has a 1 year low of $7.48 and a 1 year high of $19.71. The stock’s fifty day moving average price is $11.93 and its 200-day moving average price is $14.00.

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.