Platinum Group Metals Ltd (AMEX: PLG)’s stock price has soared by 9.38 in relation to previous closing price of 1.28. Nevertheless, the company has seen a gain of 9.23% in its stock price over the last five trading days. newsfilecorp.com reported 2024-12-05 that Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – December 5, 2024) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (“Platinum Group”, “PTM” or the “Company”) reports that it has entered into a new equity distribution agreement effective as of December 5, 2024 (the “Distribution Agreement”) with BMO Nesbitt Burns Inc. and Beacon Securities Limited (the “Canadian Agents”) and BMO Capital Markets Corp. (the “U.S. Agent” and together with the Canadian Agents, the “Agents”) for a new at-the-market equity program (“2024 ATM Program”).
Is It Worth Investing in Platinum Group Metals Ltd (AMEX: PLG) Right Now?
Additionally, the 36-month beta value for PLG is 1.74. 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 75.41M and currently, short sellers hold a 2.28% ratio of that float. The average trading volume of PLG on December 26, 2024 was 666.19K shares.
PLG’s Market Performance
The stock of Platinum Group Metals Ltd (PLG) has seen a 9.23% increase in the past week, with a -20.67% drop in the past month, and a -1.39% fall in the past quarter. The volatility ratio for the week is 11.08%, and the volatility levels for the past 30 days are at 7.93% for PLG.. The simple moving average for the past 20 days is -5.18% for PLG’s stock, with a -7.84% simple moving average for the past 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 -14.97% 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 -38.33% of loss for the given period.
Volatility was left at 7.93%, however, over the last 30 days, the volatility rate increased by 11.08%, as shares sank -19.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.83% lower at present.
During the last 5 trading sessions, PLG rose by +7.69%, which changed the moving average for the period of 200-days by +18.64% in comparison to the 20-day moving average, which settled at $1.4755. In addition, Platinum Group Metals Ltd saw 24.56% 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 -0.08. Equity return is now at value -17.56, with -9.02 for asset returns.
Currently, EBITDA for the company is -5.79 million with net debt to EBITDA at 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.67.
Conclusion
In conclusion, Platinum Group Metals Ltd (PLG) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
