Platinum Group Metals (NYSE:PLG) Stock Rating Upgraded by StockNews.com

Platinum Group Metals (NYSE:PLG) was upgraded by stock analysts at StockNews.com to a “sell” rating in a report released on Tuesday.

Platinum Group Metals Stock Down 3.6 %

PLG stock traded down $0.05 during trading on Tuesday, hitting $1.33. The company had a trading volume of 278,230 shares, compared to its average volume of 379,238. The firm has a 50-day moving average price of $1.34 and a 200-day moving average price of $1.46. The stock has a market cap of $136.91 million, a price-to-earnings ratio of -22.17 and a beta of 1.78. Platinum Group Metals has a 12 month low of $0.96 and a 12 month high of $2.27.

Institutional Trading of Platinum Group Metals

Several institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of Platinum Group Metals during the 3rd quarter valued at $30,000. J.W. Cole Advisors Inc. bought a new stake in shares of Platinum Group Metals during the 4th quarter valued at $30,000. Sanctuary Advisors LLC bought a new stake in shares of Platinum Group Metals during the 3rd quarter valued at $36,000. MCIA Inc bought a new stake in shares of Platinum Group Metals during the 3rd quarter valued at $41,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Platinum Group Metals during the 3rd quarter valued at $1,263,000. Institutional investors 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.