Stock Worth Mentioning Today: Could Platinum Group Metals Limited (USA) See a Reversal After This Very Weak Session?

Stock Worth Mentioning Today: Could Platinum Group Metals Limited (USA) See a Reversal After This Very Weak Session?

The stock of Platinum Group Metals Limited (USA) (NYSEMKT:PLG) is a huge mover today! About 258,180 shares traded hands. Platinum Group Metals Limited (USA) (NYSEMKT:PLG) has declined 33.93% since March 8, 2016 and is downtrending. It has underperformed by 43.25% the S&P500.
The move comes after 8 months negative chart setup for the $188.96 million company. It was reported on Oct, 11 by Barchart.com. We have $1.83 PT which if reached, will make NYSEMKT:PLG worth $26.45 million 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. On Monday, June 27 the stock rating was upgraded by IBC to “Sector Perform”. BMO Capital Markets initiated Platinum Group Metals Limited (USA) (NYSEMKT:PLG) on Friday, May 27 with “Outperform” rating.

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 important recent Platinum Group Metals Limited (USA) (NYSEMKT:PLG) news were published by: Marketwatch.com which released: “Platinum Group Metals Ltd. Announces Filing of Preliminary Base Shelf Prospectus” on October 05, 2016, also Quotes.Wsj.com published article titled: “News Platinum Group Metals Ltd.PLG”, Marketwired.com published: “Platinum Group Metals Ltd.: Corporate Update” on September 19, 2016. More interesting news about Platinum Group Metals Limited (USA) (NYSEMKT:PLG) was released by: Marketwired.com and their article: “Platinum Group Metals Announces US$110 Million Bought Deal Financing” with publication date: December 09, 2014.

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