Platinum Group Metals Ltd. (AMEX: PLG)’s stock price has increased by 5.33 compared to its previous closing price of 1.22. However, the company has seen a 6.20% increase in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-07-11 that Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – July 11, 2024) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (“Platinum Group”, “PTM” or the “Company”) reports the Company’s financial results for the nine months ended May 31, 2024, and provides an update and outlook.
Is It Worth Investing in Platinum Group Metals Ltd. (AMEX: PLG) Right Now?
PLG has 36-month beta value of 1.79. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PLG is 75.21M, and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of PLG on September 12, 2024 was 351.45K shares.
PLG’s Market Performance
PLG stock saw a decrease of 6.20% in the past week, with a monthly decline of -7.55% and a quarterly a decrease of -23.51%. The volatility ratio for the week is 7.15%, and the volatility levels for the last 30 days are 7.90% for Platinum Group Metals Ltd. (PLG). The simple moving average for the last 20 days is -0.27% for PLG stock, with a simple moving average of -3.37% for the last 200 days.
Analysts’ Opinion of PLG
BMO Capital Markets, on the other hand, stated in their research note that they expect to see PLG reach a price target of $1.50. The rating they have provided for PLG stocks is “Outperform” according to the report published on June 07th, 2013.
RBC Capital Mkts gave a rating of “Outperform” to PLG, setting the target price at $1.75 in the report published on January 23rd of the previous year.
PLG Trading at -13.13% from the 50-Day Moving Average
After a stumble in the market that brought PLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.92% of loss for the given period.
Volatility was left at 7.90%, however, over the last 30 days, the volatility rate increased by 7.15%, as shares surge +6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.71% lower at present.
During the last 5 trading sessions, PLG rose by +7.02%, which changed the moving average for the period of 200-days by +32.14% in comparison to the 20-day moving average, which settled at $1.2923. In addition, Platinum Group Metals Ltd. saw 12.72% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PLG
The total capital return value is set at -0.12. Equity return is now at value -22.43, with -11.49 for asset returns.
Based on Platinum Group Metals Ltd. (PLG), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -9.04.
Currently, EBITDA for the company is -5.78 million with net debt to EBITDA at 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 21.11.
Conclusion
To put it simply, Platinum Group Metals Ltd. (PLG) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
