Insider’s View: Deciphering Platinum Group Metals Ltd (PLG)’s Financial Health Through Ratios

Abby Carey

In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.

The price of Platinum Group Metals Ltd (AMEX: PLG) closed at $1.96 in the last session, up 3.70% from day before closing price of $1.89. In other words, the price has increased by $3.70 from its previous closing price. On the day, 1.38 million shares were traded. PLG stock price reached its highest trading level at $1.9778 during the session, while it also had its lowest trading level at $1.85.

Ratios:

We take a closer look at PLG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.82 and its Current Ratio is at 5.82. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

On June 07, 2013, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $1.50.

RBC Capital Mkts Upgraded its Sector Perform to Outperform on January 23, 2013, whereas the target price for the stock was revised from $1.50 to $1.75.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLG now has a Market Capitalization of 219819776 and an Enterprise Value of 238068768.

Stock Price History:

The Beta on a monthly basis for PLG is 1.40, which has changed by 0.21739125 over the last 52 weeks, in comparison to a change of 0.12121439 over the same period for the S&P500. Over the past 52 weeks, PLG has reached a high of $3.36, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -12.10%, while the 200-Day Moving Average is calculated to be 22.52%.

Shares Statistics:

According to the various share statistics, PLG traded on average about 2.42M shares per day over the past 3-months and 1973190 shares per day over the past 10 days. A total of 107.98M shares are outstanding, with a floating share count of 81.41M. Insiders hold about 27.41% of the company’s shares, while institutions hold 23.35% stake in the company. Shares short for PLG as of 1760486400 were 3493216 with a Short Ratio of 1.44, compared to 1757894400 on 2764947. Therefore, it implies a Short% of Shares Outstanding of 3493216 and a Short% of Float of 4.279999999999999.

Earnings Estimates

Analysts are recommending an EPS of between -$0.04 and -$0.11 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is -$0.02, with 1.0 analysts recommending between -$0.02 and -$0.02.

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