Hsbc Holdings PLC bought a new position in shares of PolyMet Mining Corp. (NYSEAMERICAN:PLM – Get Rating) (TSE:POM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,115 shares of the basic materials company’s stock, valued at approximately $48,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in PolyMet Mining by 13.7% in the second quarter. State Street Corp now owns 407,182 shares of the basic materials company’s stock worth $1,120,000 after purchasing an additional 49,093 shares during the period. Goldman Sachs Group Inc. lifted its position 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 worth $215,000 after purchasing an additional 31,031 shares during the period. Barclays PLC lifted its position in PolyMet Mining by 172.7% in the third quarter. Barclays PLC now owns 45,981 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 29,121 shares during the period. Rhumbline Advisers raised its position in PolyMet Mining by 87.6% in the second quarter. Rhumbline Advisers now owns 39,287 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 18,340 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in PolyMet Mining in the third quarter worth about $42,000. Institutional investors own 3.90% of the company’s stock.
PolyMet Mining Price Performance
NYSEAMERICAN:PLM opened at $2.31 on Monday. PolyMet Mining Corp. has a 12-month low of $2.29 and a 12-month high of $4.45. The firm has a market capitalization of $234.40 million, a price-to-earnings ratio of -7.97 and a beta of 0.66. The business has a 50-day simple moving average of $2.94.
PolyMet Mining Company Profile
PolyMet Mining Corp. engages in the exploration and development of natural resource properties. It develops and operates the NorthMet project in Minnesota, which hosts copper, nickel, cobalt, and platinum group metal mineralization. The company was founded by John P. McGoran on March 4, 1981 and is headquartered in St.
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