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Anglo Platinum Limited (ADR) (AGPPY) [hlAlert]

Rating:
Overweight
AGPPY
3 Months Gains
down 29.89 %

Anglo Platinum Limited (ADR) (AGPPY) rated Overweight by HSBC Securities

Posted on: Thursday,  Jul 25, 2013  8:25 AM ET by HSBC Securities

Anglo Platinum Limited (ADR)
(OTCBB: AGPPY) rated Overweight by HSBC Securities.

Anglo Platinum Limited (Anglo Platinum) is a South Africa-based company. It is engaged in the production of platinum group metals (PGMs). The Company operates in two business segments: the mining, extraction and production of PGMs, and the purchase of metals for further treatment and refining. The Company?s subsidiaries include Anglo Platinum Development Limited, Potgietersrust Platinums Limited, Rustenburg Platinum Mines Limited and Kaymin Resources Limited. On June 30, 2009, the Company sold 51% of its interests in the wholly owned operations of Lebowa Platinum Mines and 1% of its interest in Ga-Phasha, Boikgantsho and Kwanda to Anooraq Resources Limited (Anooraq). On January 27, 2009, Anglo Platinum completed the acquisition of Erabas NV. On March 13, 2009, the Company completed the acquisition of Southridge Limited.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/25/2013 8:25 AM Buy
None
5.62
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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