Platinum Group Metals (NYSE:PLG - Get Free Report) was upgraded by analysts at StockNews.com to a "sell" rating in a research note issued on Tuesday.
Platinum Group Metals Price Performance
PLG stock traded down $0.09 during midday trading on Tuesday, reaching $1.38. 1,286,965 shares of the stock were exchanged, compared to its average volume of 320,301. The stock has a market capitalization of $142.06 million, a PE ratio of -23.00 and a beta of 1.78. Platinum Group Metals has a 52 week low of $0.96 and a 52 week high of $2.27. The company has a fifty day moving average price of $1.33 and a 200 day moving average price of $1.45.
Institutional Investors Weigh In On Platinum Group Metals
Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Platinum Group Metals during the 3rd quarter worth $30,000. J.W. Cole Advisors Inc. bought a new stake in Platinum Group Metals during the 4th quarter worth $30,000. Sanctuary Advisors LLC bought a new stake in Platinum Group Metals during the 3rd quarter worth $36,000. MCIA Inc bought a new stake in Platinum Group Metals during the 3rd quarter worth $41,000. Finally, Mountain Capital Investment Advisors Inc. grew its position in Platinum Group Metals by 90.6% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 51,007 shares of the company's stock worth $68,000 after acquiring an additional 24,250 shares during the last quarter. Institutional investors own 16.33% of the company's stock.
Platinum Group Metals Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Platinum Group Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Platinum Group Metals wasn't on the list.
While Platinum Group Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
