Platinum Group Metals Ltd (AMEX:PLG) does about 1.17M shares in volume on a normal day but saw 1105532 shares change hands in the recent trading day. The company now has a market cap of 195.14M USD. Its current market price is $1.74, marking a decrease of -2.79% compared to the previous close of $1.79. The 52 week high reached by this stock is $2.27 whilst the lowest price level in 52 weeks is $0.99.
Platinum Group Metals Ltd (PLG) has a 20-day trading average at $1.5675 and the current price is -23.35% off the 52-week high compared with 75.76% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4596 and its 200-day simple moving average is $1.4250. If we look at the stock’s price movements over the week, volatility stands at 5.59%, which increases to 6.41% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.40 to suggest the stock is neutral.
The consensus objective for the share price is $2.08, suggesting that the stock has a potential upside of 16.35% over the period.
RBC Capital Mkts upgraded its price target at $1.50-$1.75.
The current price level is 11.00%, 19.21%, and 22.11% away from its SMA20, SMA50, and SMA200 respectively, with the PLG price moving below the 50-day SMA on current market day. Platinum Group Metals Ltd (PLG) stock is up 14.47% over the week and 2.96% over the past month. Its price is 2.96% year-to-date and 35.94% over the past year.
To reach the target analysts have set, the stock logically needs to grow 16.35 percent from here.
Outstanding shares total 107.98M with insiders holding 25.17% of the shares and institutional holders owning 23.95% of the company’s common stock. The company has a return on investment of -13.87% and return on equity of -14.92%. The beta has a value of 1.58. Price to book ratio is 6.58.
