Now Is A Good Time To Buy Platinum Group Metals Ltd (AMEX: PLG)

During the last session, Platinum Group Metals Ltd (AMEX:PLG)’s traded shares were 0.46 million, with the beta value of the company hitting 1.74. At the end of the trading day, the stock’s price was $1.79, reflecting an intraday gain of 5.92% or $0.1. The 52-week high for the PLG share is $2.27, that puts it down -26.82 from that peak though still a striking 47.49% gain since the share price plummeted to a 52-week low of $0.94. The company’s market capitalization is $256.16M, and the average intraday trading volume over the past 10 days was 0.61 million shares, and the average trade volume was 575.28K shares over the past three months.

Platinum Group Metals Ltd (AMEX:PLG) trade information

Platinum Group Metals Ltd (PLG) registered a 5.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.92% in intraday trading to $1.79, hitting a weekly high. The stock’s 5-day price performance is 11.87%, and it has moved by -10.50% in 30 days. Based on these gigs, the overall price performance for the year is 80.81%. The short interest in Platinum Group Metals Ltd (AMEX:PLG) is 1.58 million shares and it means that shorts have 1.95 day(s) to cover.

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An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 51.11%. While earnings are projected to return -19.49% in 2024.

PLG Dividends

Platinum Group Metals Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Platinum Group Metals Ltd insiders own 26.44% of total outstanding shares while institutional holders control 25.92%, with the float percentage being 35.24%. FRANKLIN RESOURCES INC is the largest shareholder of the company, while 47.0 institutions own stock in it. As of 2024-06-30, the company held over 11.53 million shares (or 11.2567% of all shares), a total value of $19.42 million in shares.

The next largest institutional holding, with 0.9 million shares, is of SLATE PATH CAPITAL LP’s that is approximately 0.8784% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.53 million.

Also, the Mutual Funds coming in first place with the largest holdings of Platinum Group Metals Ltd (PLG) shares are Franklin Gold and Precious Metals Fund and Templeton Emerging Markets Income Fund . Data provided on Jul 31, 2024 indicates that Franklin Gold and Precious Metals Fund owns about 5.5 shares. This amounts to just over 5.36 percent of the company’s overall shares, with a $9.85 million market value. The same data shows that the other fund manager holds slightly less at 2.83, or about 2.76% of the stock, which is worth about $5.07 million.