Platinum Group Metals (NYSE:PLG) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of Platinum Group Metals (NYSE:PLG) to a sell rating in a research note published on Tuesday morning.

Platinum Group Metals Price Performance

Shares of Platinum Group Metals stock opened at $1.47 on Tuesday. The business’s fifty day moving average price is $1.33 and its two-hundred day moving average price is $1.45. The company has a market capitalization of $151.32 million, a P/E ratio of -24.50 and a beta of 1.78. Platinum Group Metals has a 1-year low of $0.96 and a 1-year high of $2.27.

Institutional Trading of Platinum Group Metals

Several hedge funds have recently added to or reduced their stakes in PLG. XTX Topco Ltd bought a new stake in shares of Platinum Group Metals in the 3rd quarter worth $30,000. J.W. Cole Advisors Inc. bought a new stake in shares of Platinum Group Metals in the 4th quarter worth $30,000. Sanctuary Advisors LLC bought a new stake in shares of Platinum Group Metals in the 3rd quarter worth $36,000. MCIA Inc bought a new stake in shares of Platinum Group Metals in the 3rd quarter worth $41,000. Finally, Mountain Capital Investment Advisors Inc. raised its stake in shares of Platinum Group Metals by 90.6% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 51,007 shares of the company’s stock worth $68,000 after buying an additional 24,250 shares in the last quarter. Institutional investors own 16.33% of the company’s stock.

About Platinum Group Metals

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.