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

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

Platinum Group Metals Stock Down 3.1 %

NYSE:PLG opened at $1.25 on Tuesday. The stock has a market capitalization of $128.67 million, a price-to-earnings ratio of -20.83 and a beta of 1.80. Platinum Group Metals has a 52 week low of $1.06 and a 52 week high of $2.27. The firm has a 50 day moving average of $1.28 and a 200 day moving average of $1.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vivaldi Capital Management LP purchased a new stake in Platinum Group Metals in the fourth quarter valued at about $30,000. XTX Topco Ltd purchased a new position in shares of Platinum Group Metals in the 3rd quarter valued at approximately $30,000. J.W. Cole Advisors Inc. acquired a new stake in Platinum Group Metals in the 4th quarter worth approximately $30,000. Sanctuary Advisors LLC purchased a new stake in Platinum Group Metals during the 3rd quarter worth approximately $36,000. Finally, MCIA Inc acquired a new position in Platinum Group Metals during the 3rd quarter valued at approximately $41,000. 16.33% of the stock is currently owned by hedge funds and other institutional investors.

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.