Platinum Group Metals Ltd. (PLG) – Don’t Be So Quick to Call it Dead

33 institutions hold shares in Platinum Group Metals Ltd. (PLG), with 22.34M shares held by insiders accounting for 31.59% while institutional investors hold 50.58% of the company’s shares. The shares outstanding are 66.55M, and float is at 42.15M with Short Float at 0.87%. Institutions hold 34.60% of the Float.

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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 14.03% of the PLG Shares outstanding. As of Dec 30, 2020, the second largest holder is Franklin Resources, Inc. with 9.47 million shares valued at $43.92 million to account for 13.11% of the shares outstanding. The other top investors are CQS (US), LLC which holds 0.88 million shares representing 1.22% and valued at over $4.1 million, while Mackenzie Financial Corporation holds 0.57% of the shares totaling 0.41 million with a market value of $1.92 million.

Platinum Group Metals Ltd. (AMEX: PLG) is 2.80% 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 question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLG stock was last observed hovering at around $5.00 in the last trading session, with the day’s loss setting it -0.23% off its average median price target of $3.62 for the next 12 months. It is also 21.55% off the consensus price target high of $6.08 offered by 2 analysts, but current levels are -307.69% lower than the price target low of $1.17 for the same period.

Currently trading at $4.77, the stock is 6.18% and 0.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -4.60% at the moment leaves the stock 81.76% off its SMA200. PLG registered 73.45% gain for a year compared to 6-month gain of 123.94%. The firm has a 50-day simple moving average (SMA 50) of $4.6336 and a 200-day simple moving average (SMA200) of $3.1122.

The stock witnessed a 13.30% loss in the last 1 month and extending the period to 3 months gives it a 142.12%, and is -2.45% down 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 7.58% over the week and 8.62% over the month.

Distance from 52-week low is 457.18% and -23.92% 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 04/14/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 77.50% this year.

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