Trek Financial LLC purchased a new position in shares of Platinum Group Metals Ltd. (NYSE:PLG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 960,780 shares of the company's stock, valued at approximately $1,230,000. Trek Financial LLC owned approximately 0.93% of Platinum Group Metals as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in PLG. XTX Topco Ltd bought a new position in shares of Platinum Group Metals during the 3rd quarter valued at $30,000. J.W. Cole Advisors Inc. purchased a new position in shares of Platinum Group Metals in the fourth quarter worth about $30,000. Sanctuary Advisors LLC purchased a new stake in Platinum Group Metals during the 3rd quarter valued at about $36,000. MCIA Inc bought a new position in Platinum Group Metals during the 3rd quarter worth approximately $41,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Platinum Group Metals in the 3rd quarter worth approximately $1,263,000. 16.33% of the stock is currently owned by institutional investors.
Platinum Group Metals Stock Performance
Shares of Platinum Group Metals stock traded up $0.10 during midday trading on Friday, reaching $1.26. 1,188,338 shares of the company's stock traded hands, compared to its average volume of 510,544. The stock has a 50 day moving average of $1.25 and a 200-day moving average of $1.42. Platinum Group Metals Ltd. has a 12 month low of $0.99 and a 12 month high of $2.27. The company has a market cap of $131.24 million, a PE ratio of -21.00 and a beta of 1.66.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Platinum Group Metals to a "sell" rating in a research note on Tuesday, March 25th.
Check Out Our Latest Research Report on PLG
About Platinum Group Metals
(
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.
Further Reading
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