Platinum Group Metals (NYSE:PLG) Upgraded to Sell at StockNews.com

StockNews.com upgraded shares of Platinum Group Metals (NYSE:PLG) to a sell rating in a report released on Monday morning.

Platinum Group Metals Price Performance

PLG opened at $1.31 on Monday. The stock’s 50 day moving average price is $1.25 and its 200 day moving average price is $1.42. The stock has a market cap of $136.45 million, a P/E ratio of -21.83 and a beta of 1.66. Platinum Group Metals has a 12 month low of $0.99 and a 12 month high of $2.27.

Institutional Investors Weigh In On Platinum Group Metals

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of Platinum Group Metals during the 3rd quarter worth about $30,000. Vivaldi Capital Management LP bought a new stake in Platinum Group Metals during the fourth quarter worth approximately $30,000. J.W. Cole Advisors Inc. acquired a new stake in Platinum Group Metals in the fourth quarter worth approximately $30,000. Sanctuary Advisors LLC bought a new position in Platinum Group Metals during the 3rd quarter valued at $36,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Platinum Group Metals in the 4th quarter worth $63,000. 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.