Platinum Group Metals (NYSE:PLG) Stock Rating Upgraded by StockNews.com

Platinum Group Metals (NYSE:PLG) was upgraded by StockNews.com to a “sell” rating in a report issued on Monday.

Platinum Group Metals Trading Up 6.3 %

PLG stock traded up $0.08 during trading on Monday, hitting $1.34. 1,033,556 shares of the stock traded hands, compared to its average volume of 509,215. The stock has a market cap of $139.58 million, a price-to-earnings ratio of -22.33 and a beta of 1.66. Platinum Group Metals has a one year low of $0.99 and a one year high of $2.27. The company has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.42.

Institutional Trading of Platinum Group Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLG. Trek Financial LLC acquired a new stake in shares of Platinum Group Metals during the 4th quarter worth approximately $1,230,000. Marshall Wace LLP boosted its position in shares of Platinum Group Metals by 318.4% in the 4th quarter. Marshall Wace LLP now owns 438,352 shares of the company’s stock worth $561,000 after purchasing an additional 333,595 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in shares of Platinum Group Metals during the fourth quarter worth $103,000. Jane Street Group LLC acquired a new position in Platinum Group Metals in the fourth quarter valued at about $98,000. Finally, Brevan Howard Capital Management LP bought a new position in Platinum Group Metals during the fourth quarter worth about $63,000. 16.33% of the stock is currently owned by institutional investors and hedge funds.

About Platinum Group Metals

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.