Platinum Group Metals Ltd [AMEX: PLG] surged by $0.14 during the normal trading session on Tuesday and reaching a high of $2.28 during the day while it closed the day at $2.14.
Platinum Group Metals Ltd stock has also gained 19.55% of its value over the past 7 days. However, PLG stock has inclined by 43.62% in the 3 months of the year. Over the past six months meanwhile, it has gained 68.50% and gained 56.20% year-on date.
The market cap for PLG stock reached $240.00 million, with 107.98 million shares outstanding and 81.51 million shares in the current float. Compared to the average trading volume of 1.08M shares, PLG reached a trading volume of 6208123 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $1.47 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 3.00. 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 Price to Book ratio for the last quarter was 8.09, with the Price to Cash per share for the same quarter was set at 0.05.
PLG stock trade performance evaluation
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 19.55. With this latest performance, PLG shares gained by 41.72% in over the last four-week period, additionally plugging by 68.50% over the last 6 months – not to mention a rise of 67.19% 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 72.72, with the RSI for the last a single of trading hit 0.14, and the three-weeks RSI is set at 0.11 for Platinum Group Metals Ltd [PLG]. The present Moving Average for the last 50 days of trading for this stock 1.65, while it was recorded at 1.93 for the last single week of trading, and 1.42 for the last 200 days.
Platinum Group Metals Ltd (PLG) Capital Structure & Debt Analysis
According to recent financial data for Platinum Group Metals Ltd. ( PLG), the Return on Equity (ROE) stands at -14.92%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -7.62%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Platinum Group Metals Ltd’s Return on Invested Capital (ROIC) is -13.87%, showcasing its effectiveness in deploying capital for earnings.
Platinum Group Metals Ltd (PLG) Efficiency & Liquidity Metrics
Based on Platinum Group Metals Ltd’s (PLG) latest financial statements, the Debt-to-Equity Ratio is 0.01%, indicating its reliance on debt financing relative to shareholder equity.
Platinum Group Metals Ltd (PLG) Efficiency & Liquidity Metrics
Platinum Group Metals Ltd [PLG]: Institutional Ownership
There are presently around $25.27%, or 33.31%% 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 11.2544%. 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 0.862%.
