In the latest trading session, 0.72 million Platinum Group Metals Ltd. (AMEX:PLG) shares changed hands as the company’s beta touched 1.79. With the company’s most recent per share price at $1.99 changing hands around $0.17 or 9.07% at last look, the market valuation stands at $203.42M. PLG’s current price is a discount, trading about -4.02% off its 52-week high of $2.07. The share price had its 52-week low at $0.94, which suggests the last value was 52.76% up since then. When we look at Platinum Group Metals Ltd.’s average trading volume, we note the 10-day average is 0.58 million shares, with the 3-month average coming to 369.51K.
Platinum Group Metals Ltd. (AMEX:PLG) trade information
Instantly PLG is in green as seen in intraday trades today. With action 31.46%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 74.12%, with the 5-day performance at 31.46% in the green. However, in the 30-day time frame, Platinum Group Metals Ltd. (AMEX:PLG) is 35.03% up. Looking at the short shares, we see there were 1.33 million shares sold at short interest cover period of 4.12 days.
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Platinum Group Metals Ltd. (PLG) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 51.11%. The 2024 estimates are for Platinum Group Metals Ltd. earnings to increase by 8.33%.
Platinum Group Metals Ltd. (AMEX:PLG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 26.47% of Platinum Group Metals Ltd. shares while 18.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 24.50%. There are 18.01% institutions holding the Platinum Group Metals Ltd. stock share, with FRANKLIN RESOURCES INC the top institutional holder. As of 2024-06-30, the company held 11.2567% of the shares, roughly 11.53 million PLG shares worth $19.42 million.
SLATE PATH CAPITAL LP holds the second largest percentage of outstanding shares, with 0.8784% or 0.9 million shares worth $1.53 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were Franklin Gold and Precious Metals Fund and Templeton Emerging Markets Income Fund. With 5.5 shares estimated at $10.51 million under it, the former controlled 5.37% of total outstanding shares. On the other hand, Templeton Emerging Markets Income Fund held about 2.76% of the shares, roughly 2.83 shares worth around $5.4 million.
