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

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

Platinum Group Metals Trading Down 3.1 %

Shares of PLG stock opened at $1.25 on Tuesday. Platinum Group Metals has a twelve month low of $1.06 and a twelve month high of $2.27. The stock has a fifty day simple moving average of $1.28 and a two-hundred day simple moving average of $1.44. The stock has a market capitalization of $128.67 million, a price-to-earnings ratio of -20.83 and a beta of 1.80.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PLG. Total Wealth Planning & Management Inc. purchased a new stake in shares of Platinum Group Metals in the 4th quarter worth approximately $103,000. Vivaldi Capital Management LP purchased a new stake in Platinum Group Metals during the fourth quarter worth $30,000. Brevan Howard Capital Management LP bought a new stake in Platinum Group Metals during the 4th quarter valued at $63,000. Jane Street Group LLC purchased a new position in shares of Platinum Group Metals in the 4th quarter valued at $98,000. Finally, Marshall Wace LLP increased its holdings in shares of Platinum Group Metals by 318.4% in the 4th quarter. Marshall Wace LLP now owns 438,352 shares of the company’s stock valued at $561,000 after acquiring an additional 333,595 shares during the period. Hedge funds and other institutional investors own 16.33% of the company’s stock.

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.