Platinum Group Metals (NYSE:PLG) Upgraded at StockNews.com

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

Platinum Group Metals Trading Up 4.0 %

NYSE:PLG opened at $1.30 on Tuesday. The stock has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $1.44. The company has a market cap of $133.82 million, a price-to-earnings ratio of -21.67 and a beta of 1.80. Platinum Group Metals has a twelve month low of $1.06 and a twelve month high of $2.27.

Institutional Trading of Platinum Group Metals

A number of institutional investors have recently modified their holdings of PLG. XTX Topco Ltd boosted its stake in Platinum Group Metals by 57.5% in the 4th quarter. XTX Topco Ltd now owns 33,588 shares of the company’s stock worth $43,000 after purchasing an additional 12,265 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in Platinum Group Metals in the 4th quarter worth approximately $30,000. Vivaldi Capital Management LP purchased a new position in Platinum Group Metals during the 4th quarter worth approximately $30,000. Mountain Capital Investment Advisors Inc. lifted its stake 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 valued at $68,000 after acquiring an additional 24,250 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Platinum Group Metals in the 3rd quarter valued at $36,000. 16.33% of the stock is currently owned by institutional investors.

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.