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Platinum Group Metals Ltd. (PLG): The stock short term indicators tell us to Buy today

How have the shares performed?

Platinum Group Metals Ltd. (PLG) saw an uptrend of 2.16% in the recent trading with $4.25 being its most recent. The current price level -32.22% lower than the highest price of $6.27 marked by the stock while trading over the past 52-weeks, whereas it is 220.75% higher than the lowest price of $1.33 the company dropped to over past 52-weeks. The latest news story on PLG appeared in Newsfile under the title “Platinum Group Metals Ltd. Reports Court Application Opposing Environmental Authorization” on May-13-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -20.41% below one month high and is +2.66% above of the lowest during that time. Looking into the simple moving average, Platinum Group Metals Ltd. (PLG)’s stock stands at a SMA-50 of $4.38 while that of 5-day is reading $4.29.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and PLG’s SMA-200 as of now is $3.51.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

Platinum Group Metals Ltd. Earnings – What Happened With PLG

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Platinum Group Metals Ltd. (PLG) last released financial results for the quarter that ended 11/29/2016, posting a surprise factor of 60.00% for net revenue.

PLG – Platinum Group Metals Ltd. Stock Earnings Estimates

The perspective of Platinum Group Metals Ltd. (AMEX:PLG)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.05 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.02.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 71.52 million. PLG does have institutional investors; and they hold 27.40% of the stock.

Platinum Group Metals Ltd. – Insider Activity and Holdings

As on Dec 30, 2020, Liberty Mutual Group Asset Management Inc. was the top most holder in Platinum Group Metals Ltd. (AMEX:PLG) with an ownership of 10.13 million shares of the company or 13.69% of the stake worth $47.02 million. The filing also reveals Franklin Resources, Inc. as the second largest holder in the company with a control over 12.79% of the outstanding shares. Its stake is worth $43.92 million for having 9.47 million shares in hand.

CQS (US), LLC also came holding a key position in the company during the recent quarter and it now holds 1.19% of the outstanding shares. With this there are now 42 institutions which have possession in PLG’s shares.

Currently, the stock has been recommended as Moderate Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Platinum Group Metals Ltd. was 0.44 while posting a debt to equity ratio of 0.00.

Technical Analysis of Platinum Group Metals Ltd. (AMEX:PLG) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Platinum Group Metals Ltd. (PLG), we notice that the stock’s 20-day average volume is at 848,145 shares and 50% of short term indicators are suggesting the stock as Buy. Its 50-day average volume of 768,696 shares. And to end, PLG’s 100-day average volume is 1,243,179 shares with 50% of the long-term indicators pointing towards Buy for the stock.

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