Platinum Group Metals Ltd (AMEX: PLG) is -4.32% 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 $1.66 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $1.77, the stock is 14.08% and 23.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 6.63% at the moment leaves the stock 24.54% off its SMA200. PLG registered 38.28% gain for a year compared to 6-month gain of 25.53%. The firm has a 50-day simple moving average (SMA 50) of $1.4366 and a 200-day simple moving average (SMA200) of $1.42125.
The stock witnessed a 5.99% loss in the last 1 month and extending the period to 3 months gives it a 52.59%, and is 14.19% up 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 5.84% over the week and 6.32% over the month.
Distance from 52-week low is 78.79% and -22.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.87%).
The EPS is expected to shrink by -255.32% this year.
Platinum Group Metals Ltd (PLG) Top Institutional Holders
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 107.98M, and float is at 76.46M with Short Float at 3.81%. 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.
