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

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

Platinum Group Metals Price Performance

Shares of NYSE:PLG opened at $1.29 on Tuesday. The stock has a market cap of $132.79 million, a price-to-earnings ratio of -21.50 and a beta of 1.80. Platinum Group Metals has a 12 month low of $1.06 and a 12 month high of $2.27. The stock’s 50 day moving average price is $1.28 and its 200 day moving average price is $1.44.

Institutional Trading of Platinum Group Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trek Financial LLC purchased a new stake in shares of Platinum Group Metals in the 4th quarter valued at approximately $1,230,000. The Manufacturers Life Insurance Company acquired a new stake in Platinum Group Metals during the 3rd quarter valued at $1,263,000. Marshall Wace LLP raised its stake in Platinum Group Metals by 318.4% during the 4th quarter. Marshall Wace LLP now owns 438,352 shares of the company’s stock valued at $561,000 after purchasing an additional 333,595 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of Platinum Group Metals in the fourth quarter worth $103,000. Finally, Jane Street Group LLC purchased a new position in shares of Platinum Group Metals during the fourth quarter valued at $98,000. 16.33% of the stock is owned by institutional investors and hedge funds.

Platinum Group Metals Company Profile

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.