Can Platinum Group Metals Ltd (PLG) Future Potential Be Undermined By Current Price Volatility?

Platinum Group Metals Ltd (AMEX:PLG) has a beta value of 1.75 and has seen 1.15 million shares traded in the last trading session. The company, currently valued at $246.53M, closed the last trade at $1.77 per share which meant it lost -$0.04 on the day or -2.21% during that session. The PLG stock price is -28.25% off its 52-week high price of $2.27 and 46.89% above the 52-week low of $0.94. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.4 million shares traded. The 3-month trading volume is 515.68K shares.

Platinum Group Metals Ltd (AMEX:PLG) trade information

Sporting -2.21% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PLG stock price touched $1.77 or saw a rise of 19.18%. Year-to-date, Platinum Group Metals Ltd shares have moved 55.26%, while the 5-day performance has seen it change -19.18%. Over the past 30 days, the shares of Platinum Group Metals Ltd (AMEX:PLG) have changed 19.59%. Short interest in the company has seen 1.37 million shares shorted with days to cover at 4.34.

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Platinum Group Metals Ltd (PLG) estimates and forecasts

The company’s shares have gained 36.15% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 51.11% over the past 5 years.

PLG Dividends

Platinum Group Metals Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Platinum Group Metals Ltd (AMEX:PLG)’s Major holders

Insiders own 26.50% of the company shares, while shares held by institutions stand at 17.90% with a share float percentage of 24.35%. Investors are also buoyed by the number of investors in a company, with Platinum Group Metals Ltd having a total of 43.0 institutions that hold shares in the company. The top two institutional holders are FRANKLIN RESOURCES INC with over 11.53 million shares worth more than $19.42 million. As of 2024-06-30, FRANKLIN RESOURCES INC held 11.2567% of shares outstanding.

The other major institutional holder is SLATE PATH CAPITAL LP, with the holding of over 0.9 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.53 million and represent 0.8784% of shares outstanding.