Donald Smith & CO. Inc. Sells 457,337 Shares of Platinum Group Metals Limited (PLG)

Donald Smith & CO. Inc. reduced its position in shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,942,809 shares of the basic materials company’s stock after selling 457,337 shares during the period. Donald Smith & CO. Inc. owned about 9.39% of Platinum Group Metals Limited worth $5,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG raised its holdings in Platinum Group Metals Limited by 438.1% in the first quarter. UBS Group AG now owns 151,570 shares of the basic materials company’s stock valued at $249,000 after acquiring an additional 123,400 shares in the last quarter. Virtu KCG Holdings LLC raised its holdings in Platinum Group Metals Limited by 2,826.4% in the second quarter. Virtu KCG Holdings LLC now owns 348,742 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 336,825 shares in the last quarter. CQS Cayman LP raised its holdings in Platinum Group Metals Limited by 121.5% in the second quarter. CQS Cayman LP now owns 2,048,639 shares of the basic materials company’s stock valued at $1,712,000 after acquiring an additional 1,123,753 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Platinum Group Metals Limited by 13.4% in the second quarter. Franklin Resources Inc. now owns 27,878,488 shares of the basic materials company’s stock valued at $23,339,000 after acquiring an additional 3,300,000 shares in the last quarter.

Platinum Group Metals Limited (NYSEAMERICAN:PLG) traded up $0.01 during mid-day trading on Thursday, reaching $0.40. 615,100 shares of the company’s stock traded hands, compared to its average volume of 718,099. Platinum Group Metals Limited has a 12-month low of $0.35 and a 12-month high of $2.45.

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About Platinum Group Metals Limited

Platinum Group Metals Ltd. is an exploration- and development-stage Company. The Company is focused on exploration and development of platinum. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada. Its business is focused on production ramp up at the Maseve Mine, and the exploration and initial engineering on the Waterberg platinum deposit, which includes the Waterberg Joint Venture Project (the Waterberg JV Project) and the adjoining Waterberg Extension Project.

Institutional Ownership by Quarter for Platinum Group Metals Limited (NYSEAMERICAN:PLG)

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