Platinum Group Metals Ltd. (NYSE:PLG - Get Free Report)'s share price traded up 3.4% on Monday . The stock traded as high as $1.55 and last traded at $1.53. 683,615 shares traded hands during trading, an increase of 4% from the average session volume of 654,434 shares. The stock had previously closed at $1.48.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Platinum Group Metals to a "sell" rating in a research note on Monday, April 14th.
Read Our Latest Report on PLG
Platinum Group Metals Trading Up 3.4%
The firm has a 50-day moving average of $1.39 and a two-hundred day moving average of $1.31. The firm has a market capitalization of $165.13 million, a P/E ratio of -25.50 and a beta of 1.70.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of PLG. Vivaldi Capital Management LP acquired a new stake in Platinum Group Metals during the 4th quarter worth about $30,000. XTX Topco Ltd increased its holdings in Platinum Group Metals by 57.5% in the fourth 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. Brevan Howard Capital Management LP bought a new stake in Platinum Group Metals in the fourth quarter worth approximately $63,000. Mountain Capital Investment Advisors Inc. grew 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 valued at $68,000 after buying an additional 24,250 shares during the period. Finally, Jane Street Group LLC acquired a new position in Platinum Group Metals during the 4th quarter worth approximately $98,000. 16.33% of the stock is owned by institutional investors.
About Platinum Group Metals
(
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.
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