Renaissance Technologies LLC acquired a new stake in shares of Platinum Group Metals Ltd. (NYSE:PLG – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 643,562 shares of the company’s stock, valued at approximately $1,139,000. Renaissance Technologies LLC owned about 0.51% of Platinum Group Metals at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Kopernik Global Investors LLC purchased a new position in shares of Platinum Group Metals in the first quarter worth $635,000. SteelPeak Wealth LLC acquired a new position in shares of Platinum Group Metals in the 1st quarter valued at $80,000. Hsbc Holdings PLC acquired a new position in shares of Platinum Group Metals in the 1st quarter valued at $118,000. Kestra Advisory Services LLC purchased a new position in Platinum Group Metals in the 1st quarter worth $27,000. Finally, Targeted Financial Services LLC acquired a new stake in Platinum Group Metals during the 4th quarter worth about $62,000. Institutional investors and hedge funds own 16.33% of the company’s stock.
Platinum Group Metals Stock Down 3.3%
PLG stock opened at $1.48 on Friday. Platinum Group Metals Ltd. has a 52 week low of $1.18 and a 52 week high of $4.04. The firm has a 50-day simple moving average of $1.38 and a 200-day simple moving average of $1.82. The stock has a market capitalization of $189.27 million, a P/E ratio of -24.67 and a beta of 1.21.
Analyst Upgrades and Downgrades
Platinum Group Metals Profile
Platinum Group Metals Ltd is a mineral exploration and development company focused on the discovery and advancement of platinum group metal (PGM) deposits. The company’s flagship asset is the Waterberg Joint Venture Project located in South Africa’s Bushveld Complex, one of the world’s premier PGM-producing regions. In addition to its Waterberg interests, Platinum Group Metals holds the Marathon PGM project near Thunder Bay, Ontario, which is being advanced towards feasibility on the strength of its high-grade PGM and gold mineralization.
Since its inception, the company has pursued a strategy of combining regional geological expertise with strategic partnerships to de-risk project development and enhance shareholder value.
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