Platinum Group Metals (NYSE:PLG) Trading 1.1% Higher

Shares of Platinum Group Metals Ltd. (NYSE:PLG) traded up 1.1% during mid-day trading on Thursday . The stock traded as high as $1.40 and last traded at $1.34. 224,373 shares traded hands during trading, a decline of 10% from the average session volume of 249,493 shares. The stock had previously closed at $1.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Platinum Group Metals to a “sell” rating in a research note on Wednesday, February 7th.

Platinum Group Metals Stock Down 3.7 %

The business has a 50 day simple moving average of $1.23 and a 200-day simple moving average of $1.12.

Platinum Group Metals (NYSE:PLG) last issued its quarterly earnings data on Monday, April 15th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Platinum Group Metals

An institutional investor recently bought a new position in Platinum Group Metals stock. Rathbones Group PLC bought a new stake in shares of Platinum Group Metals Ltd. (NYSE:PLG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 120,000 shares of the company’s stock, valued at approximately $136,000. Rathbones Group PLC owned about 0.12% of Platinum Group Metals at the end of the most recent reporting period. 16.33% of the stock is owned by hedge funds and other institutional investors.

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.