Platinum Group Metals Ltd (AMEX: PLG) is -13.07% lower on its value in year-to-date trading and has touched a low of $0.99 and a high of $2.27 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 PLG stock was last observed hovering at around $1.49 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $1.02M, the stock is -0.94% and 12.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 2142560% at the moment leaves the stock 8.86% off its SMA200. PLG registered 19.53% gain for a year compared to 6-month gain of 30.77%. The firm has a 50-day simple moving average (SMA 50) of $1.3644 and a 200-day simple moving average (SMA200) of $1.40545.
The stock witnessed a 5.52% loss in the last 1 month and extending the period to 3 months gives it a 18.60%, and is 0.00% 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 8.17% over the week and 4.99% over the month.
Distance from 52-week low is 54.55% and -32.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.39%).
The EPS is expected to shrink by -255.32% this year
56.0 institutions hold shares in Platinum Group Metals Ltd (PLG), with institutional investors hold 32.01% of the company’s shares. The shares outstanding are 103.58M, and float is at 76.46M with Short Float at 3.95%. Institutions hold 23.95% 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 11.2544 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 0.8782 of the shares outstanding. The other top investors are CQS (US), LLC which holds 0.88 million shares representing 0.862 and valued at over $1.5 million, while NINETY ONE UK LTD holds 0.4274 of the shares totaling 0.44 million with a market value of $0.74 million.
