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

Sylvania Platinum Limited (LON:SLP)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 99 and last traded at GBX 99, with a volume of 2116880 shares. The stock had previously closed at GBX 95.40.

Analyst Upgrades and Downgrades

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

Sylvania Platinum Stock Up 3.8%

The firm’s 50-day moving average price is GBX 86.99 and its 200 day moving average price is GBX 79.04. The company has a market capitalization of £257.53 million, a price-to-earnings ratio of 12.81, a PEG ratio of 0.05 and a beta of 0.38. The company has a current ratio of 9.94, a quick ratio of 15.92 and a debt-to-equity ratio of 0.35.

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).