StockNews.com Upgrades Platinum Group Metals (NYSE:PLG) to Sell

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

Platinum Group Metals Trading Up 4.0 %

NYSE PLG opened at $1.30 on Tuesday. The stock has a market capitalization of $133.82 million, a price-to-earnings ratio of -21.67 and a beta of 1.80. The stock has a 50-day moving average of $1.28 and a 200 day moving average of $1.44. Platinum Group Metals has a twelve month low of $1.06 and a twelve month high of $2.27.

Hedge Funds Weigh In On Platinum Group Metals

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new stake in shares of Platinum Group Metals in the 3rd quarter valued at approximately $1,263,000. Sanctuary Advisors LLC purchased a new position in Platinum Group Metals in the third quarter worth approximately $36,000. J.W. Cole Advisors Inc. acquired a new stake in Platinum Group Metals during the fourth quarter worth $30,000. XTX Topco Ltd purchased a new stake in Platinum Group Metals in the third quarter valued at $30,000. Finally, MCIA Inc acquired a new position in shares of Platinum Group Metals in the 3rd quarter valued at $41,000. 16.33% of the stock is currently owned by institutional investors and hedge funds.

Platinum Group Metals Company Profile

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.