Zacks Research upgraded shares of Anglo American Platinum (OTCMKTS:ANGPY – Free Report) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.
Anglo American Platinum Price Performance
ANGPY stock opened at $11.07 on Wednesday. Anglo American Platinum has a 1 year low of $7.36 and a 1 year high of $19.71. The firm has a 50-day moving average of $12.09 and a 200 day moving average of $14.17.
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.
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