In the meantime, CIBC upgraded its Platinum Group Metals Ltd [PLG] rating to a Sector perform from a a Sector underperform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early June with a ‘”an Outperform”‘ rating. RBC Capital Mkts also remained covering PLG and has increased its forecast on January 23, 2013 with a “an Outperform” recommendation from previously “Sector perform” rating.
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Price Performance Review of PLG
On Friday, Platinum Group Metals Ltd [AMEX:PLG] saw its stock fall -4.20% to $1.37. Over the last five days, the stock has lost -11.61%. Platinum Group Metals Ltd shares have risen nearly 20.18% since the year began. Nevertheless, the stocks have risen 31.73% over the past one year. While a 52-week high of $2.27 was reached on 10/25/24, a 52-week low of $0.96 was recorded on 02/26/24. SMA at 50 days reached $1.6848, while 200 days put it at $1.5127.
Levels Of Support And Resistance For PLG Stock
The 24-hour chart illustrates a support level at 1.3267, which if violated will result in even more drops to 1.2833. On the upside, there is a resistance level at 1.4267. A further resistance level may holdings at 1.4833. The Relative Strength Index (RSI) on the 14-day chart is 34.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1593, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.48%. Stochastics %K at 7.33% indicates the stock is a buying.
How much short interest is there in Platinum Group Metals Ltd?
A steep rise in short interest was recorded in Platinum Group Metals Ltd stocks on 2024-11-15, growing by 0.35 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.37 million shares. There was a rise of 20.14%, which implies that there is a positive sentiment for the stock.
