Sylvania Platinum (LON:SLP) Sets New 1-Year High – Time to Buy?

Shares of Sylvania Platinum Limited (LON:SLP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 111 and last traded at GBX 106, with a volume of 3277951 shares changing hands. The stock had previously closed at GBX 106.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on Sylvania Platinum from GBX 106 to GBX 109 and gave the stock a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 109.

Sylvania Platinum Stock Performance

The business has a fifty day moving average of GBX 88.69 and a 200-day moving average of GBX 81.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94. The company has a market capitalization of £275.74 million, a P/E ratio of 13.71, a PEG ratio of 0.05 and a beta of 0.38.

About Sylvania Platinum

Sylvania Platinum is a rapidly expanding low-cost PGMs producer listed on the London Stock Exchange’s Alternative Investment Market (AIM: SLP).

Sylvania is a mid-tier, lower unit cost Platinum Group Metal (PGM)minerals reprocessing and development Company. Our operational arm, Sylvania Dump Operations (SDO), has six chrome beneficiation and PGM processing plants in the Eastern and Western limb of the Bushveld Igneous Complex (BIC).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.