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Sylvania Platinum (LON:SLP) Hits New 12-Month High - Time to Buy?

Sylvania Platinum logo with Basic Materials background

Key Points

  • Sylvania Platinum reached a new 12-month high, trading at GBX 94 ($1.27) during mid-day trading on Tuesday.
  • Berenberg Bank lowered its price target for Sylvania Platinum shares from GBX 93 to GBX 90 but maintained a "buy" rating.
  • The company is a mid-tier, low-cost producer of Platinum Group Metals, operating six processing plants in South Africa's Bushveld Igneous Complex.
  • Five stocks we like better than Sylvania Platinum.

Sylvania Platinum Limited (LON:SLP - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 94 ($1.27) and last traded at GBX 92 ($1.24), with a volume of 709563 shares trading hands. The stock had previously closed at GBX 92 ($1.24).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price objective on shares of Sylvania Platinum from GBX 93 to GBX 90 and set a "buy" rating for the company in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Sylvania Platinum presently has a consensus rating of "Buy" and a consensus target price of GBX 90.

Read Our Latest Research Report on SLP

Sylvania Platinum Stock Performance

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 stock has a market cap of £239.30 million, a PE ratio of 1,190.17, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. The firm has a fifty day moving average price of GBX 78.85 and a 200 day moving average price of GBX 65.82.

Sylvania Platinum Company Profile

(Get Free Report)

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).

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