The stock of Platinum Group Metals Limited (USA) (NYSEMKT:PLG) is a huge mover today! The stock decreased 1.79% or $0.05 on September 30, hitting $2.74. About 107,644 shares traded hands. Platinum Group Metals Limited (USA) (NYSEMKT:PLG) has risen 40.51% since February 29, 2016 and is uptrending. It has outperformed by 30.09% the S&P500.
The move comes after 8 months negative chart setup for the $241.62 million company. It was reported on Oct, 1 by Barchart.com. We have $2.36 PT which if reached, will make NYSEMKT:PLG worth $33.83M less.
Analysts await Platinum Group Metals Limited (USA) (NYSEMKT:PLG) to report earnings on November, 22.
Platinum Group Metals Limited (USA) (NYSEMKT:PLG) Ratings Coverage
Out of 2 analysts covering Platinum Group Metals (NYSEMKT:PLG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Platinum Group Metals has been the topic of 2 analyst reports since May 27, 2016 according to StockzIntelligence Inc. BMO Capital Markets initiated Platinum Group Metals Limited (USA) (NYSEMKT:PLG) on Friday, May 27 with “Outperform” rating. IBC upgraded the stock to “Sector Perform” rating in Monday, June 27 report.
According to Zacks Investment Research, “Platinum Group is based in Vancouver BC, Canada and Johannesburg, South Africa. Platinum Group has a management team in both Canada and South Africa, which have successful track records of more than twenty years in exploration, mine discovery, mine construction and mine operations. The Company is focused on the development of platinum operations. It holds significant mineral rights in the Northern and Western Bushveld Igneous Complex of South Africa.”
More notable recent Platinum Group Metals Limited (USA) (NYSEMKT:PLG) news were published by: Finance.Yahoo.com which released: “Platinum Group Metals Ltd.: Corporate Update” on September 19, 2016, also Quotes.Wsj.com with their article: “News Platinum Group Metals Ltd.PLG” published on February 12, 2011, Marketwired.com published: “Liberty Metals & Mining Holdings, LLC Acquires Shares of Platinum Group Metals …” on December 31, 2014. More interesting news about Platinum Group Metals Limited (USA) (NYSEMKT:PLG) were released by: Marketwatch.com and their article: “Platinum Group Metals Announces Share Consolidation” published on January 26, 2016 as well as Marketwired.com‘s news article titled: “Platinum Group Metals 2015 Annual Results and Update” with publication date: November 25, 2015.
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