An analyst sees good growth prospects for Platinum Group Metals Ltd (PLG)

With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.64 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $1.43 whereas the lowest price it dropped to was $1.34. The 52-week range on PLG shows that it touched its highest point at $2.27 and its lowest point at $0.96 during that stretch. It currently has a 1-year price target of $2.55. Beta for the stock currently stands at 1.72.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLG was down-trending over the past week, with a drop of -11.61%, but this was down by -10.46% over a month. Three-month performance surged to 3.01% while six-month performance fell -17.96%. The stock gained 31.73% in the past year, while it has gained 20.18% so far this year. A look at the trailing 12-month EPS for PLG yields -0.04 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.00. This implies an EPS growth rate of -162.00% for this year and 59.35% for next year.

Float and Shares Shorts:

At present, 102.48 million PLG shares are outstanding with a float of 75.45 million shares on hand for trading. On 2024-11-15, short shares totaled 1.72 million, which was 167.0 higher than short shares on 1728950400. In addition to Mr. Kresimir Begic as the firm’s Vice President of Corporate Development, Mr. Schalk Willem-Burger Engelbrecht serves as its Finance Executive, PTM RSA.

Institutional Ownership:

Through their ownership of 0.25948 of PLG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-05-31, PLG reported revenue of $0.0 and operating income of -$604000.0. The EBITDA in the recently reported quarter was -$547000.0 and diluted EPS was $nan.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential.

Analysts have provided yearly estimates in a range of -$0.04380042 being high and -$0.10293 being low. For PLG, this leads to a yearly average estimate of -$0.067157. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.