The Platinum Group Metals Ltd. (PLG) shares are trading at higher $2.47 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $2.98 and the low is $0.86. Over the last 52 weeks, PLG is down -17.11% while the S&P 500 is up 0.73%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, PLG reported a profit of $1.38 million. Platinum Group Metals Ltd. also saw revenues increase to $2.05 million. In addition, PLG has free cash flow of -$7.86 million as of 05-2020. The company’s EBITDA came in at -$2.02 million which compares well with its peers.
PLG Return on Equity (ROE) is 56.60%, and its Return on Assets is -23.50%. All told, it is clear that, PLG needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PLG has a short ratio of 1.43 and outstanding shares of 62.35M.
PLG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.84 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.19. Platinum Group Metals Ltd. PLG also noted assets of $36.29 million at the end of the last quarter. Investors should also keep an eye on sector updates as PLG has historically followed its peers on positive news.
All told, Platinum Group Metals Ltd. PLG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PLG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Platinum Group Metals Ltd. PLG is now commanding a market cap of 144.69M and a float of 31.65M. PLG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PLG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in PLG, either long or short, and we have not been compensated for this article.