Platinum Group Metals Ltd (AMEX: PLG) is 55.26% higher on its value in year-to-date trading and has touched a low of $0.94 and a high of $2.27 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 $1.68 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $1.77, the stock is -1.69% and 14.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 5.36% at the moment leaves the stock 23.26% off its SMA200. PLG registered 66.98% gain for a year compared to 6-month gain of 22.92%. The firm has a 50-day simple moving average (SMA 50) of $1.53 and a 200-day simple moving average (SMA200) of $1.43215.
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The stock witnessed a 17.22% loss in the last 1 month and extending the period to 3 months gives it a 41.60%, and is -2.21% 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 9.08% over the week and 9.51% over the month.
Distance from 52-week low is 87.90% and -22.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.33%).
The EPS is expected to grow by 8.33% this year
44.0 institutions hold shares in Platinum Group Metals Ltd (PLG), with institutional investors hold 33.74% of the company’s shares. The shares outstanding are 100.26M, and float is at 75.24M with Short Float at 1.83%. Institutions hold 24.80% of the Float.
The top institutional shareholder in the company is FRANKLIN RESOURCES INC with over 11.53 million shares valued at $19.42 million. The investor’s holdings represent 11.2567 of the PLG Shares outstanding. As of 2024-06-30, the second largest holder is SLATE PATH CAPITAL LP with 0.9 million shares valued at $1.53 million to account for 0.8784 of the shares outstanding. The other top investors are CQS (US), LLC which holds 0.88 million shares representing 0.8622 and valued at over $1.5 million, while NINETY ONE UK LTD holds 0.4275 of the shares totaling 0.44 million with a market value of $0.74 million.
