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Platinum Asset Management Ltd ( (AU:PTM) ) has provided an announcement.
Platinum Asset Management Limited has revised its estimated costs for the implementation of its turnaround program for the full year to approximately $40 million, up from the previously announced $30 million. This adjustment in cost estimates may impact the company’s financial outlook and could influence stakeholder expectations regarding the effectiveness and efficiency of the turnaround efforts.
The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.
More about Platinum Asset Management Ltd
Platinum Asset Management Limited operates in the financial services industry, primarily focusing on asset management. The company provides investment management services, catering to a diverse range of clients and focusing on delivering strong investment returns.
YTD Price Performance: -27.08%
Average Trading Volume: 1,825,447
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$281.3M
For detailed information about PTM stock, go to TipRanks’ Stock Analysis page.