Platinum Group Metals Ltd (AMEX: PLG) has seen a rise in its stock price by 11.25 in relation to its previous close of 1.60. However, the company has experienced a 10.56% gain in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-13 that Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – November 13, 2024) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (“Platinum Group”, “PTM” or the “Company”) announces that it has filed a final short form base shelf prospectus (the “Shelf Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada and a corresponding registration statement on Form F-10 (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) under the Multijurisdictional Disclosure System established between Canada and the United States.
Is It Worth Investing in Platinum Group Metals Ltd (AMEX: PLG) Right Now?
The 36-month beta value for PLG is also noteworthy at 1.75. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 1 rating it as “sell.”
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The public float for PLG is 75.24M, and at present, short sellers hold a 1.83% of that float. The average trading volume of PLG on November 19, 2024 was 552.31K shares.
PLG’s Market Performance
PLG stock saw a decrease of 10.56% in the past week, with a monthly decline of -0.56% and a quarterly a decrease of 31.37%. The volatility ratio for the week is 8.71%, and the volatility levels for the last 30 days are 9.33% for Platinum Group Metals Ltd (PLG). The simple moving average for the last 20 days is -0.42% for PLG stock, with a simple moving average of 22.19% 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 11.46% 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 -21.59% of loss for the given period.
Volatility was left at 9.33%, however, over the last 30 days, the volatility rate increased by 8.71%, as shares sank -1.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +53.45% upper at present.
During the last 5 trading sessions, PLG rose by +10.56%, which changed the moving average for the period of 200-days by +76.24% in comparison to the 20-day moving average, which settled at $1.7875. In addition, Platinum Group Metals Ltd saw 56.14% 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.
Currently, EBITDA for the company is -5.79 million with net debt to EBITDA at 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 21.11.
Conclusion
In summary, Platinum Group Metals Ltd (PLG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
