Platinum Group Metals (NYSE:PLG) Stock Price Up 1.1%

Platinum Group Metals Ltd. (NYSE:PLG)’s share price was up 1.1% during trading on Thursday . The stock traded as high as $1.40 and last traded at $1.34. Approximately 224,373 shares traded hands during trading, a decline of 10% from the average daily volume of 249,493 shares. The stock had previously closed at $1.33.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Platinum Group Metals to a “sell” rating in a research report on Wednesday, February 7th.

Platinum Group Metals Stock Down 3.7 %

The firm has a fifty day simple moving average of $1.23 and a 200-day simple moving average of $1.12.

Platinum Group Metals (NYSE:PLG) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.01) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Platinum Group Metals stock. Franklin Resources Inc. raised its holdings in Platinum Group Metals Ltd. (NYSE:PLG) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,252,279 shares of the company’s stock after purchasing an additional 97,760 shares during the quarter. Franklin Resources Inc. owned 12.93% of Platinum Group Metals worth $15,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.33% of the stock is currently owned by hedge funds and other institutional investors.

Platinum Group Metals Company Profile

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.