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

Anglo American Platinum Limited (OTCMKTS:ANGPY) gapped down prior to trading 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 trading hands.

Analysts Set New Price Targets

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

Anglo American Platinum Stock Performance

The stock has a fifty day moving average price of $12.89 and a 200 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.