A Great Stock That Is Lost For Many Investors: Platinum Group Metals Ltd. (PLG)

Platinum Group Metals Ltd. (AMEX: PLG) is 15.52% higher on its value in year-to-date trading and has touched a low of $0.86 and a high of $6.27 in the current 52-week trading range. The PLG stock was last observed hovering at around $5.36 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $3.50 for the next 12 months. It is also 6.62% off the consensus price target high of $5.44 offered by 2 analysts, but current levels are -225.64% lower than the price target low of $1.56 for the same period.

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Currently trading at $5.08, the stock is 1.11% and 51.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing -5.22% at the moment leaves the stock 132.99% off its SMA200. PLG registered 215.29% gain for a year compared to 6-month gain of 267.12%. The firm has a 50-day simple moving average (SMA 50) of $4.12 and a 200-day simple moving average (SMA200) of $2.48.

The stock witnessed a 33.67% loss in the last 1 month and extending the period to 3 months gives it a 138.22%, and is 13.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.50% over the week and 12.92% over the month.

Distance from 52-week low is 493.39% and -18.98% from its 52-week high.

Platinum Group Metals Ltd. (PLG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Platinum Group Metals Ltd. (PLG) is a “Hold”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Platinum Group Metals Ltd. is expected to release its quarterly report on 04/09/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 77.50% this year.

Platinum Group Metals Ltd. (PLG) Top Institutional Holders

33 institutions hold shares in Platinum Group Metals Ltd. (PLG), with 22.04M shares held by insiders accounting for 31.59% while institutional investors hold 50.58% of the company’s shares. The shares outstanding are 63.70M, and float is at 48.51M with Short Float at 1.42%. Institutions hold 34.60% of the Float.

The top institutional shareholder in the company is Liberty Mutual Group Asset Management Inc. with over 10.13 million shares valued at $20.27 million. The investor’s holdings represent 14.27% of the PLG Shares outstanding. As of Sep 29, 2020, the second largest holder is Franklin Resources, Inc. with 9.87 million shares valued at $19.73 million to account for 13.89% of the shares outstanding. The other top investors are CQS (US), LLC which holds 0.88 million shares representing 1.24% and valued at over $1.77 million, while Smith (Donald) & Company Inc. holds 0.95% of the shares totaling 0.68 million with a market value of $1.35 million.

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