Platinum Group Metals Ltd. (AMEX:PLG) finished Wednesday with an addition of $0.1 to close at $2.46, an upside of 4.24 percent. An average of 1,210,080 shares of common stock have been traded in the last five days. There was a gain of $0.44 in the past week. The last 20 days have seen an average of 1,220,810 shares traded, while the 50-day average volume stands at 830,540.
PLG stock has increased by 3.36% in the last month. The company shares reached their 1-month lowest point of $1.79 on 09/29/21. With the stock rallying to its 52-week high on 01/06/21, shares of the company touched a low of $1.70 and a high of $6.27 in 52 weeks. In spite of this, the price is down -60.77% from the 52-week high.
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Platinum Group Metals Ltd. (PLG) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.61 for the sector. The stock’s beta is 1.98. Other valuation ratios to consider include the price-to-book (PB) ratio at 41.00.
The quick ratio of Platinum Group Metals Ltd. for the three months ended November 29 was 3.40, and the current ratio was 3.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.42 and a total debt to equity ratio of 6.71 for the quarter ending November 29. Its gross profit as reported stood at $5.49 million compared to revenue of $4.92 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Platinum Group Metals Ltd.’s return on assets was -21.30%, compared to -54.6% over the last five years.
The analyst consensus anticipated Platinum Group Metals Ltd.’s latest quarter earnings to come in at -$0.48 per share, but it turned out to be -$0.24, a 50.00% surprise. For the quarter, EBITDA amounted to -$1.12 million.
From a technical analysis perspective, let’s take a brief look at Platinum Group Metals Ltd. (PLG) price momentum. RSI 9-day as of the close on 13 October was 70.16%, suggesting the stock is Overbought, with historical volatility in this time frame at 51.30%.
As of today, PLG’s price is $2.28 +21.78% or $0.44 from its 5-day moving average. PLG is currently trading +3.80% higher than its 20-day SMA and -42.52% lower than its 100-day SMA. However, the stock’s current price level is -20.90% below the SMA50 and -46.29% below the SMA200.
The stochastic %K and %D were 89.32% and 86.40%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 91.78% and the average true range at 0.15, the RSI (14) stands at 59.54%. The stock has reached 0.23 on the 9-day MACD Oscillator while the 14-day reading was at 0.30.
CIBC upgraded Platinum Group Metals Ltd. (AMEX: PLG) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as a a Sector underperform.The consensus rating for Platinum Group Metals Ltd. (PLG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLG, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is PLG’s price target for the next 12 months?
Analysts predict a range of price targets between $3.94 and $6.24, with a median target of $5.89. Taking a look at these predictions, the average price target given by analysts for Platinum Group Metals Ltd. (PLG) stock is $5.35.