Sylvania Platinum (LON:SLP) Sets New 1-Year High - Should You Buy?

Key Points

• Sylvania Platinum Limited (LON:SLP) reached a new 52-week high, trading at GBX 85 ($1.15), with significant trading volume of over 1 million shares.
• Wall Street analysts have set a buy rating for Sylvania Platinum, despite Berenberg Bank lowering its price target from GBX 93 to GBX 90, with a consensus target price of GBX 90.
• The company operates as a low-cost PGM producer with a solid financial standing, including a low debt-to-equity ratio of 0.35 and a market capitalization of £218.49 million.

Sylvania Platinum Limited (LON:SLP - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 85 ($1.15) and last traded at GBX 84 ($1.13), with a volume of 1079294 shares changing hands. The stock had previously closed at GBX 80 ($1.08).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price objective on Sylvania Platinum from GBX 93 to GBX 90 and set a "buy" rating on the stock in a report on Tuesday, September 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of GBX 90.

Sylvania Platinum Trading Up 5.0%

The business has a 50 day moving average of GBX 75.35 and a two-hundred day moving average of GBX 62.97. 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 market capitalization of £218.49 million, a price-to-earnings ratio of 1,995.25, a P/E/G 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).

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