Sylvania Platinum (LON:SLP) Hits New 12-Month High – Should You 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 123 and last traded at GBX 121.50, with a volume of 3578330 shares changing hands. The stock had previously closed at GBX 116.50.

Analysts Set New Price Targets

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 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 an average price target of GBX 109.

Sylvania Platinum Trading Up 4.3%

The firm has a market cap of £316.07 million, a P/E ratio of 15.72, a P/E/G ratio of 0.05 and a beta of 0.38. 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 firm has a fifty day moving average of GBX 99.35 and a 200-day moving average of GBX 87.11.

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.