Platinum Group Metals Ltd. [PLG] stock prices are up 13.55% to $1.33 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PLG shares have gain 13.55% over the last week, with a monthly amount glided 35.41%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders. In a post published today on Yahoo Finance, Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – March 1, 2024) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (“Platinum Group” or the “Company”) is pleased to announce positive results from its Annual General Meeting held on February 29, 2024 in Vancouver, British Columbia.
From an analyst’s perspective:
Platinum Group Metals Ltd. [AMEX: PLG] stock has seen the most recent analyst activity on June 27, 2016, when CIBC upgraded its rating to a Sector Perform. Previously, BMO Capital Markets started tracking the stock with Outperform rating on June 07, 2013, and set its price target to $1.50. On January 23, 2013, upgrade upgraded it’s rating to Outperform and revised its price target to $1.75 on the stock.
The stock price of Platinum Group Metals Ltd. [PLG] has been fluctuating between $0.94 and $1.78 over the past year. Platinum Group Metals Ltd. [AMEX: PLG] shares were valued at $1.33 at the most recent close of the market.
Analyzing the PLG fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.21 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2057 points at the first support level, and at 1.0828 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4007, and for the 2nd resistance point, it is at 1.4728.
Platinum Group Metals Ltd. [PLG] reported earnings per share of -$0.01 for its fiscal quarter that ended on 8/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.01 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 5/30/2023 were -$0.01 per share as compared to estimates of -$0.03 per share, a difference of $0.02 representing a surprise of 66.70%.
Ratios To Look Out For
It’s worth pointing out that Platinum Group Metals Ltd. [AMEX:PLG]’s Current Ratio is 11.37. On the other hand, the Quick Ratio is 11.37, and the Cash Ratio is 10.75.
