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

Platinum Group Metals (NYSE:PLG) was upgraded by research analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Monday.

Platinum Group Metals Price Performance

NYSE:PLG traded up $0.08 on Monday, hitting $1.34. 1,033,556 shares of the company’s stock were exchanged, compared to its average volume of 509,215. The firm has a 50-day moving average price of $1.25 and a 200-day moving average price of $1.42. Platinum Group Metals has a 52 week low of $0.99 and a 52 week high of $2.27. The company has a market cap of $139.58 million, a P/E ratio of -22.33 and a beta of 1.66.

Institutional Investors Weigh In On Platinum Group Metals

Several large investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of Platinum Group Metals in the 3rd quarter valued at about $30,000. J.W. Cole Advisors Inc. bought a new position in Platinum Group Metals during the fourth quarter worth about $30,000. Vivaldi Capital Management LP acquired a new position in Platinum Group Metals during the fourth quarter worth approximately $30,000. Sanctuary Advisors LLC bought a new stake in Platinum Group Metals in the third quarter valued at approximately $36,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Platinum Group Metals in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds 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.