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TSE:PTM

Platinum Group Metals Ltd (PTM.TO)

2.09
+0.12 (6.09%)
as of Jun 12, 2026, 8:00:00 pm Market Open.
11 watching
0
COMMENT

Sprott is a secured lender in this project, as well as a shareholder. The mining start-up looks like it has been fairly troublesome. If they work through their problems, which he thinks they will, he thinks there is tremendous upside. However, there is risk. There is tremendous upside if they can make all this work. This is not for the faint of heart.

COMMENT

Likes the people and likes the platinum business a lot, and the balance sheet is a little tough. If you own it, pay continual watch on the balance sheet. Look at it every quarter. If they are successful in turning on this plant without any hiccups, there is an awful lot of upside leverage. Their cash position, relative to their need for cash in the next 3 quarters is going to rate real monitoring.

HOLD

Platinum only comes from Africa and is used in Catalytic convertors. This stock is expensive and he has probably missed it now.

COMMENT
Likes the platinum market. Platinum is still trading at discount to gold, while historically it trades at a premium. Platinum is a very small market with only about 8-10 million ounces of platinum production each year versus the gold market of about 80 million. Expect there will be a major supply disruption sometime out of South Africa. He would suggest using a basket of platinum companies.
COMMENT
Likes volume, hard to analyze because it is trading in a narrow range. Would not buy until it broke out ($2.60) $2 and $1.90 are support levels. It could go either way.
BUY
Developing a great project in South Afica. Stock is starting to move up. Well managed.
DON'T BUY
Doesn't particularily believe in junior companies trying to develop out their own exploration targets. 1 in 3,000 anomolies becomes a mine. Also the idea of someone spending a great deal of time looking for platinum in Canada doesn't seem like a great idea. If you want to play platinum, play the South Africans.
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Platinum Group Metals Ltd (PTM.TO) Frequently Asked Questions

What is Platinum Group Metals Ltd stock symbol?

Platinum Group Metals Ltd is a Canadian stock, trading under the symbol PTM.TO (previously PTM-T on Stockchase) on the Toronto Stock Exchange (PTM-CT). It is usually referred to as TSX:PTM or PTM.TO

Is Platinum Group Metals Ltd a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on PTM.TO (previously PTM-T on Stockchase) on Stockchase. Read the latest expert commentary for Platinum Group Metals Ltd.

Is Platinum Group Metals Ltd a good investment or a top pick?

Platinum Group Metals Ltd was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Platinum Group Metals Ltd.

Why is Platinum Group Metals Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Platinum Group Metals Ltd.

Is Platinum Group Metals Ltd worth watching?

Platinum Group Metals Ltd is followed by 11 investors on Stockchase and is a trending stock that is worth watching.

What is Platinum Group Metals Ltd stock price?

On 2026-06-12, Platinum Group Metals Ltd (PTM.TO) stock closed at a price of $2.09.