Platinum Group Metals Ltd. (AMEX: PLG) is 2.63% higher on its value in year-to-date trading and has touched a low of $0.94 and a high of $1.78 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 $1.13 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.17, the stock is 4.60% and 10.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 3.54% at the moment leaves the stock 0.44% off its SMA200. PLG registered -17.02% loss for a year compared to 6-month loss of 3.54%. The firm has a a 200-day simple moving average (SMA200) of -$21.94.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 19.14% gain in the last 1 month and extending the period to 3 months gives it a 0.86%, and is -2.50% 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 4.81% over the week and 6.44% over the month.
Distance from 52-week low is 24.20% and -34.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.64%).
Platinum Group Metals Ltd. quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 8.33% this year
41 institutions hold shares in Platinum Group Metals Ltd. (PLG), with institutional investors hold 27.52% of the company’s shares. The shares outstanding are 100.26M, and float is at 75.21M with Short Float at 1.39%. Institutions hold 20.24% of the Float.
The top institutional shareholder in the company is Franklin Resources, Inc. with over 13.14 million shares valued at $18.67 million. The investor’s holdings represent 12.84% of the PLG Shares outstanding. As of Jun 29, 2023, the second largest holder is Slate Path Capital, LP with 0.9 million shares valued at $1.28 million to account for 0.88% of the shares outstanding. The other top investors are CQS (US), LLC which holds 0.88 million shares representing 0.86% and valued at over $1.25 million, while Ninety One UK Ltd holds 0.43% of the shares totaling 0.44 million with a market value of $0.49 million.
