Platinum Group Metals (NYSE:PLG - Get Free Report) was upgraded by analysts at StockNews.com to a "sell" rating in a research note issued to investors on Tuesday.
Platinum Group Metals Stock Down 7.7 %
Shares of Platinum Group Metals stock traded down $0.10 during trading hours on Tuesday, reaching $1.20. 1,273,026 shares of the company's stock were exchanged, compared to its average volume of 499,927. The business has a fifty day moving average of $1.28 and a two-hundred day moving average of $1.44. The company has a market capitalization of $123.53 million, a P/E ratio of -20.00 and a beta of 1.80. Platinum Group Metals has a 1 year low of $1.06 and a 1 year high of $2.27.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new stake in shares of Platinum Group Metals in the third quarter valued at approximately $1,263,000. XTX Topco Ltd acquired a new stake in shares of Platinum Group Metals in the 3rd quarter worth $30,000. MCIA Inc purchased a new position in shares of Platinum Group Metals during the 3rd quarter worth $41,000. Sanctuary Advisors LLC purchased a new position in shares of Platinum Group Metals during the 3rd quarter worth $36,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Platinum Group Metals in the fourth quarter valued at about $30,000. 16.33% of the stock is owned by hedge funds and other institutional investors.
About Platinum Group Metals
(
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Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.
Further Reading
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