CIBC has reduced its target price on Platinum Group Metals Ltd. (TSX: T.PTM, Stock Forum) to $1.85 from $1.90 citing production cuts and weak currency.
But the stock was unchanged at $1.05, leaving Platinum Group with a market cap of $422.9 million, based on 402.7 million shares outstanding. The 52-week range is $1.51 and 74 cents.