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Platinum Gr Metals: Stocks Overvalued by Analyst Consensus on TSX (PTM)

AI-generated - The Globe and Mail - Sat Jun 22, 7:40PM CDT

Platinum Group Metals Ltd is among the group of overvalued stocks on the Toronto Stock Exchange. This means the consensus value for each stock on this list is below its current price.

This report is generated monthly. It provides the close price and target price for these companies along with the number of analysts covering the stock. Also included is the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year. Stocks in this category are generally sold to preserve capital.

There may be a number of reasons why a company would be on this list. Companies with a large analyst following with a difference in price versus target are worth exploring in more detail.

SymbolNameTarget YearClose PriceTarget Price MeanCurrencyTarget Price # Estimates
CTCCanadian Tire Corp Ltd2024218156CAD8
PLCPark Lawn Corp202426.0525.5CAD7
WEEDCanopy Growth Corp20259.397.1CAD5
NRR-UNNorthview Residential REIT202417.2316.5CAD1
MRT-UNMorguard Real Estate Investment Trust20245.335.25CAD2
PTMPlatinum Group Metals Ltd20252.432.25CAD1
FCD-UNFirm Capital Property Trust20244.984.75CAD1

All data provided as of June 21, 2024.

More about Platinum Group Metals Ltd

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.

Platinum Group Metals Ltd is listed under PTM on the Toronto Stock Exchange.

Artificial intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.