SG Americas Securities LLC acquired a new stake in PolyMet Mining Corp. (NYSEAMERICAN:PLM – Get Rating) (TSE:POM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,778 shares of the basic materials company’s stock, valued at approximately $29,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS Group AG increased its holdings in shares of PolyMet Mining by 70.1% during the third quarter. UBS Group AG now owns 10,704 shares of the basic materials company’s stock worth $31,000 after buying an additional 4,410 shares in the last quarter. BNP Paribas Arbitrage SNC bought a new stake in PolyMet Mining during the 3rd quarter worth about $39,000. Virtu Financial LLC bought a new position in shares of PolyMet Mining in the third quarter worth about $42,000. Ronald Blue Trust Inc. increased its holdings in shares of PolyMet Mining by 88.7% in the fourth quarter. Ronald Blue Trust Inc. now owns 15,953 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in PolyMet Mining during the 3rd quarter worth $48,000. 3.86% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded PolyMet Mining from a “sell” rating to a “hold” rating in a research report on Monday.
PolyMet Mining Stock Performance
PolyMet Mining (NYSEAMERICAN:PLM – Get Rating) (TSE:POM) last announced its quarterly earnings results on Thursday, March 23rd. The basic materials company reported ($0.08) earnings per share for the quarter.
About PolyMet Mining
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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