StockNews.com upgraded shares of Platinum Group Metals (NYSE:PLG - Free Report) to a sell rating in a research note published on Monday morning.
Platinum Group Metals Price Performance
Shares of NYSE:PLG traded down $0.03 during midday trading on Monday, hitting $1.28. 1,187,303 shares of the company's stock were exchanged, compared to its average volume of 515,427. Platinum Group Metals has a 12 month low of $0.99 and a 12 month high of $2.27. The company has a market cap of $133.33 million, a PE ratio of -21.33 and a beta of 1.66. The stock has a 50 day moving average price of $1.25 and a 200-day moving average price of $1.42.
Hedge Funds Weigh In On Platinum Group Metals
Large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Platinum Group Metals during the third quarter valued at approximately $30,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Platinum Group Metals during the 4th quarter valued at $30,000. Vivaldi Capital Management LP bought a new stake in shares of Platinum Group Metals during the 4th quarter worth $30,000. Sanctuary Advisors LLC purchased a new position in shares of Platinum Group Metals in the 3rd quarter worth about $36,000. Finally, Brevan Howard Capital Management LP bought a new position in Platinum Group Metals during the fourth quarter valued at about $63,000. 16.33% of the stock is currently owned by institutional investors.
Platinum Group Metals Company Profile
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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.
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