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 fall -2.48% to $1.18. Over the last five days, the stock has lost -3.28%. Platinum Group Metals Ltd shares have fallen nearly -7.81% since the year began. Nevertheless, the stocks have fallen -18.06% 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 $1.2202, while 200 days put it at $1.3896.
Levels Of Support And Resistance For PLG Stock
The 24-hour chart illustrates a support level at 1.1565, which if violated will result in even more drops to 1.1329. On the upside, there is a resistance level at 1.2071. A further resistance level may holdings at 1.2341. The Relative Strength Index (RSI) on the 14-day chart is 46.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0081, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.00%. Stochastics %K at 56.67% indicates the stock is a holding.
