While this happened, 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.
Price Performance Review of PLG
On Tuesday, Platinum Group Metals Ltd [AMEX:PLG] saw its stock jump 3.39% to $1.22. Over the last five days, the stock has gained 2.52%. Platinum Group Metals Ltd shares have fallen nearly -4.69% since the year began. Nevertheless, the stocks have fallen -9.63% over the past one year. While a 52-week high of $2.27 was reached on 02/14/25, a 52-week low of $0.99 was recorded on 04/04/25. SMA at 50 days reached $1.2174, while 200 days put it at $1.4027.
Levels Of Support And Resistance For PLG Stock
The 24-hour chart illustrates a support level at 1.1900, which if violated will result in even more drops to 1.1600. On the upside, there is a resistance level at 1.2400. A further resistance level may holdings at 1.2600. The Relative Strength Index (RSI) on the 14-day chart is 50.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0190, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.57%. Stochastics %K at 20.29% indicates the stock is a holding.
