Platinum Group Metals (NYSE:PLG) Upgraded at StockNews.com

StockNews.com upgraded shares of Platinum Group Metals (NYSE:PLG) to a sell rating in a research report sent to investors on Tuesday morning.

Platinum Group Metals Stock Performance

Shares of NYSE:PLG opened at $1.47 on Tuesday. The company has a market cap of $151.32 million, a P/E ratio of -24.50 and a beta of 1.78. Platinum Group Metals has a one year low of $0.96 and a one year high of $2.27. The business’s 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.45.

Institutional Investors Weigh In On Platinum Group Metals

Several hedge funds and other institutional investors have recently bought and sold shares of PLG. Trek Financial LLC purchased a new stake in Platinum Group Metals during the 4th quarter worth approximately $1,230,000. The Manufacturers Life Insurance Company purchased a new stake in Platinum Group Metals during the 3rd quarter worth approximately $1,263,000. Marshall Wace LLP increased its holdings in Platinum Group Metals by 318.4% during the 4th quarter. Marshall Wace LLP now owns 438,352 shares of the company’s stock worth $561,000 after purchasing an additional 333,595 shares during the last quarter. MCIA Inc acquired a new position in shares of Platinum Group Metals in the 3rd quarter worth approximately $41,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Platinum Group Metals in the 3rd quarter worth approximately $36,000. 16.33% of the stock is currently owned by hedge funds and other institutional investors.

Platinum Group Metals Company Profile

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.