Sylvania Platinum (LON:SLP) Reaches New 1-Year High – Still a Buy?

Shares of Sylvania Platinum Limited (LON:SLP) reached a new 52-week high on Tuesday . The company traded as high as GBX 113 and last traded at GBX 112, with a volume of 2816250 shares. The stock had previously closed at GBX 109.50.

Analysts Set New Price Targets

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

Sylvania Platinum Stock Performance

The company has a quick ratio of 15.92, a current ratio of 9.94 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of GBX 92.82 and a 200-day moving average price of GBX 83.33. The firm has a market cap of £280.95 million, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38.

Sylvania Platinum Company Profile

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.