New York State Common Retirement Fund acquired a new position in PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) during the second quarter, HoldingsChannel reports. The institutional investor acquired 25,700 shares of the basic materials company’s stock, valued at approximately $93,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in PolyMet Mining in the 1st quarter worth approximately $41,000. Paloma Partners Management Co increased its stake in PolyMet Mining by 54.0% in the 1st quarter. Paloma Partners Management Co now owns 43,665 shares of the basic materials company’s stock worth $138,000 after acquiring an additional 15,308 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of PolyMet Mining in the 1st quarter worth approximately $963,000. 3.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of PolyMet Mining stock opened at $3.32 on Wednesday. The company has a market capitalization of $334.91 million, a PE ratio of -20.75 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.17 and a quick ratio of 0.17. PolyMet Mining Corp. has a one year low of $2.69 and a one year high of $5.41.
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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