SG Americas Securities LLC Takes Position in PolyMet Mining Corp. (NYSEAMERICAN:PLM)

SG Americas Securities LLC bought a new stake in PolyMet Mining Corp. (NYSEAMERICAN:PLMGet Rating) (TSE:POM) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 10,249 shares of the basic materials company’s stock, valued at approximately $28,000.

Other institutional investors also recently modified their holdings of the company. JNBA Financial Advisors grew its holdings in shares of PolyMet Mining by 590.4% in the second quarter. JNBA Financial Advisors now owns 9,355 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 8,000 shares in the last quarter. Sentinel Trust Co. LBA purchased a new position in PolyMet Mining in the first quarter valued at approximately $59,000. Goldman Sachs Group Inc. lifted its stake in PolyMet Mining by 152.9% in the first quarter. Goldman Sachs Group Inc. now owns 51,321 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 31,031 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PolyMet Mining by 7.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 66,038 shares of the basic materials company’s stock valued at $277,000 after purchasing an additional 4,854 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in PolyMet Mining by 3.7% in the first quarter. Vanguard Group Inc. now owns 131,643 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 4,636 shares during the last quarter. 3.90% of the stock is owned by institutional investors.

PolyMet Mining Trading Down 2.3 %

PolyMet Mining stock opened at $2.98 on Friday. PolyMet Mining Corp. has a 12 month low of $2.41 and a 12 month high of $4.79. The business’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $3.09. The company has a market cap of $302.38 million, a price-to-earnings ratio of -11.92 and a beta of 0.67.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on PolyMet Mining in a research note on Saturday, September 3rd. They issued a “sell” rating on the stock.

About PolyMet Mining

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PolyMet Mining Corp., through its subsidiary, Poly Met Mining, Inc, engages in the exploration and development of natural resource properties. Its primary mineral property is the NorthMet project, a polymetallic project that hosts copper, nickel, cobalt, gold, silver, and platinum group metal mineralization covering an area of approximately 4,300 acres located in northeastern Minnesota, the United States.

See Also

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Institutional Ownership by Quarter for PolyMet Mining (NYSEAMERICAN:PLM)

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