Compass Financial Management LLC Makes New $1.49 Million Investment in Platinum Group Metals Ltd. $PLG

Compass Financial Management LLC purchased a new stake in shares of Platinum Group Metals Ltd. (NYSE:PLG – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,183,225 shares of the company’s stock, valued at approximately $1,491,000.

Several other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Platinum Group Metals during the first quarter worth about $27,000. Two Sigma Securities LLC bought a new stake in Platinum Group Metals in the 2nd quarter valued at about $44,000. NewEdge Advisors LLC lifted its position in Platinum Group Metals by 47.3% in the 1st quarter. NewEdge Advisors LLC now owns 41,880 shares of the company’s stock valued at $74,000 after purchasing an additional 13,450 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in Platinum Group Metals during the 1st quarter valued at about $80,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Platinum Group Metals during the 2nd quarter valued at about $81,000. Institutional investors own 16.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Platinum Group Metals to a “hold” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Report on Platinum Group Metals

Platinum Group Metals Price Performance

Shares of PLG stock opened at $1.03 on Friday. Platinum Group Metals Ltd. has a 12-month low of $0.95 and a 12-month high of $4.04. The firm has a market capitalization of $131.72 million, a price-to-earnings ratio of -17.17 and a beta of 1.18. The business has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.70.

Platinum Group Metals Profile

(Free Report)

Platinum Group Metals Ltd. is a mineral exploration and development company focused on platinum-group metals (PGMs). Its principal asset is the Waterberg PGM project, an underground palladium, platinum, rhodium and gold deposit located on the Northern Limb of South Africa’s Bushveld Complex, one of the world’s major PGM-producing regions.

The Waterberg project is being advanced as a potential mechanized underground mining operation. Platinum Group Metals is working with strategic partners and other project stakeholders on engineering, permitting, financing and development activities related to the project.

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Institutional Ownership by Quarter for Platinum Group Metals (NYSE:PLG)

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