960,780 Shares in Platinum Group Metals Ltd. (NYSE:PLG) Bought by Trek Financial LLC

Trek Financial LLC purchased a new stake in Platinum Group Metals Ltd. (NYSE:PLG) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 960,780 shares of the company’s stock, valued at approximately $1,230,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new stake in Platinum Group Metals during the 3rd quarter valued at approximately $1,263,000. XTX Topco Ltd bought a new stake in shares of Platinum Group Metals in the 3rd quarter valued at $30,000. MCIA Inc bought a new position in Platinum Group Metals during the third quarter worth $41,000. Sanctuary Advisors LLC bought a new position in Platinum Group Metals during the third quarter worth $36,000. Finally, J.W. Cole Advisors Inc. acquired a new position in Platinum Group Metals in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 16.33% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Platinum Group Metals to a “sell” rating in a research report on Tuesday, March 25th.

Platinum Group Metals Stock Performance

Shares of PLG stock opened at $1.07 on Monday. Platinum Group Metals Ltd. has a fifty-two week low of $0.99 and a fifty-two week high of $2.27. The stock has a 50 day simple moving average of $1.27 and a two-hundred day simple moving average of $1.44. The company has a market cap of $110.83 million, a P/E ratio of -17.83 and a beta of 1.66.

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.