SG Americas Securities LLC bought a new stake in PolyMet Mining Corp. (NYSEAMERICAN:PLM – Get 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
About PolyMet Mining
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.
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