41 institutions hold shares in PolyMet Mining Corp. (PLM), with 72.4M shares held by insiders accounting for 71.78% while institutional investors hold 5.98% of the company’s shares. The shares outstanding are 100.73M, and float is at 28.39M with Short Float at 2.07%. Institutions hold 1.69% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 0.47 million shares valued at $1.62 million. The investor’s holdings represent 0.47% of the PLM Shares outstanding. As of Dec 30, 2020, the second largest holder is U.S. Bancorp (Minnesota) with 0.2 million shares valued at $0.68 million to account for 0.20% of the shares outstanding. The other top investors are Two Sigma Advisers, LP which holds 0.18 million shares representing 0.18% and valued at over $0.63 million, while Elkhorn Partners Limited Partnership holds 0.12% of the shares totaling 0.12 million with a market value of $0.41 million.
PolyMet Mining Corp. (AMEX: PLM) is -13.78% lower on its value in year-to-date trading and has touched a low of $2.23 and a high of $9.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLM stock was last observed hovering at around $3.07 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $15.00 for the next 12 months. It is also 80.4% off the consensus price target high of $15.00 offered by 1 analysts, but current levels are 80.4% higher than the price target low of $15.00 for the same period.
Currently trading at $2.94, the stock is -8.81% and -22.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.31 million and changing -4.23% at the moment leaves the stock -23.85% off its SMA200. PLM registered 30.53% gain for a year compared to 6-month loss of -32.26%. The firm has a 50-day simple moving average (SMA 50) of $3.5744 and a 200-day simple moving average (SMA200) of $3.7353.
The stock witnessed a -20.54% gain in the last 1 month and extending the period to 3 months gives it a -18.11%, and is -10.37% 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 4.49% over the week and 6.47% over the month.
Distance from 52-week low is 31.84% and -69.69% from its 52-week high.
PolyMet Mining Corp. (PLM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for PolyMet Mining Corp. (PLM) is a “Buy”. 1 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.
PolyMet Mining Corp. is expected to release its quarterly report on 09/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.01.The EPS is expected to grow by 76.00% this year.
PolyMet Mining Corp. (PLM): Who are the competitors?
The company’s main competitors (and peers) include Hudbay Minerals Inc. (HBM) that is trading 299.05% up over the past 12 months. Short interest in the company’s stock has fallen -39.59% from the last report on Mar 30, 2021 to stand at a total of 0.65 million short shares sold with a short interest ratio of 1.37.