Platinum Group Metals Limited Stock Rating Upgraded by Raymond James (PTM)
Platinum Group Metals Limited (TSE:PTM) was upgraded by investment analysts at Raymond James from an “underperform” rating to a “market perform” rating in a note issued to investors on Tuesday, StockRatingsNetwork reports.
Shares of Platinum Group Metals Limited (TSE:PTM) traded up 1.67% on Tuesday, hitting $1.22. 844,400 shares of the company’s stock traded hands. Platinum Group Metals Limited has a 52 week low of $0.74 and a 52 week high of $1.51. The stock has a 50-day moving average of $1.12 and a 200-day moving average of $1.16. The company’s market cap is $491.4 million.
Several other analysts have also recently commented on the stock. Analysts at CIBC reiterated a “sector outperform” rating on shares of Platinum Group Metals Limited in a research note to investors on Monday. They now have a C$2.00 price target on the stock. Separately, analysts at Mackie downgraded shares of Platinum Group Metals Limited from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a C$1.10 price target on the stock, down previously from C$1.50. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Platinum Group Metals Limited from C$1.60 to C$1.55 in a research note to investors on Thursday, October 10th. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$1.58.
Platinum Group Metals Ltd. (TSE:PTM) is a platinum focused exploration and development company conducting work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada.
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