Anglo American Platinum Limited (OTCMKTS:ANGPY – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 13,213 shares, a drop of 58.1% from the July 30th total of 31,547 shares. Based on an average daily volume of 212,439 shares, the days-to-cover ratio is currently 0.1 days.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. 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. Jefferies Financial Group raised Anglo American Platinum to a “hold” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Analysis on Anglo American Platinum
Anglo American Platinum Trading Up 1.1%
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.
Further Reading
- Five stocks we like better than Anglo American Platinum
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Anglo American Platinum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American Platinum and related companies with MarketBeat.com's FREE daily email newsletter.
