Platinum Group Metals (NYSE:PLG) Upgraded by StockNews.com to “Sell” Rating

Platinum Group Metals (NYSE:PLG) was upgraded by analysts at StockNews.com to a “sell” rating in a report released on Tuesday.

Platinum Group Metals Stock Performance

Shares of Platinum Group Metals stock opened at $1.27 on Tuesday. Platinum Group Metals has a one year low of $1.06 and a one year high of $2.27. The company has a market cap of $130.73 million, a PE ratio of -21.17 and a beta of 1.80. The business has a 50-day simple moving average of $1.28 and a 200-day simple moving average of $1.44.

Hedge Funds Weigh In On Platinum Group Metals

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Platinum Group Metals during the 3rd quarter worth approximately $30,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Platinum Group Metals in the 4th quarter valued at about $30,000. Vivaldi Capital Management LP purchased a new position in Platinum Group Metals during the 4th quarter worth approximately $30,000. Sanctuary Advisors LLC acquired a new position in Platinum Group Metals during the third quarter worth approximately $36,000. Finally, MCIA Inc purchased a new stake in Platinum Group Metals in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 16.33% of the company’s stock.

About Platinum Group Metals

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.