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

Rating:
Overweight
AGPPY
3 Months Gains
down 44.11 %

Anglo Platinum Limited (ADR) (AGPPY) rated Overweight by JP Morgan

Posted on: Tuesday,  Sep 10, 2013  9:25 AM ET by JP Morgan

Anglo Platinum Limited (ADR)
(OTCBB: AGPPY) rated Overweight by JP Morgan.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/10/2013 9:25 AM Buy
None
7.05
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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