Platinum Group Metals Ltd. [AMEX: PLG] price surged by 8.11 percent to reach at $0.15.
The one-year PLG stock forecast points to a potential downside of -3.63. The average equity rating for PLG stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Platinum Group Metals Ltd. [PLG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLG shares is $1.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLG stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CIBC have made an estimate for Platinum Group Metals Ltd. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on June 27, 2016. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on June 07, 2013, representing the official price target for Platinum Group Metals Ltd. stock. Previously, the target price had yet another raise from $1.50 to $1.75, while RBC Capital Mkts kept a Outperform rating on PLG stock.
The Average True Range (ATR) for Platinum Group Metals Ltd. is set at 0.14 The Price to Book ratio for the last quarter was 8.22, with the Price to Cash per share for the same quarter was set at 0.05.
PLG Stock Performance Analysis:
Platinum Group Metals Ltd. [PLG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.99. With this latest performance, PLG shares gained by 38.89% in over the last four-week period, additionally plugging by 44.93% over the last 6 months – not to mention a rise of 80.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLG stock in for the last two-week period is set at 75.40, with the RSI for the last a single of trading hit 82.10, and the three-weeks RSI is set at 69.79 for Platinum Group Metals Ltd. [PLG]. The present Moving Average for the last 50 days of trading for this stock 1.4400, while it was recorded at 1.8500 for the last single week of trading, and 1.4000 for the last 200 days.
Insight into Platinum Group Metals Ltd. Fundamentals:
Platinum Group Metals Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 21.11 and a Current Ratio set at 21.11.
Platinum Group Metals Ltd. [PLG] Institutonal Ownership Details
There are presently around $18.01%, or 24.50%% of PLG stock, in the hands of institutional investors. The top three institutional holders of PLG stocks are: FRANKLIN RESOURCES INC with ownership of 11.53 million shares, which is approximately 11.2567%. SLATE PATH CAPITAL LP, holding 0.9 million shares of the stock with an approximate value of $$1.53 million in PLG stocks shares; and SLATE PATH CAPITAL LP, currently with $$1.5 million in PLG stock with ownership which is approximately 0.8622%.
