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

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

Platinum Group Metals Price Performance

PLG stock opened at $1.39 on Tuesday. Platinum Group Metals has a 1-year low of $0.96 and a 1-year high of $2.27. The stock has a market capitalization of $143.09 million, a P/E ratio of -23.17 and a beta of 1.78. The business has a fifty day moving average price of $1.33 and a 200-day moving average price of $1.45.

Institutional Investors Weigh In On Platinum Group Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLG. The Manufacturers Life Insurance Company bought a new stake in shares of Platinum Group Metals in the third quarter worth $1,263,000. XTX Topco Ltd purchased a new position in Platinum Group Metals in the third quarter worth about $30,000. MCIA Inc bought a new stake in shares of Platinum Group Metals during the 3rd quarter valued at about $41,000. Sanctuary Advisors LLC purchased a new stake in shares of Platinum Group Metals during the 3rd quarter valued at about $36,000. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Platinum Group Metals in the 4th quarter worth approximately $30,000. Hedge funds and other 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.