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Sylvania Platinum (LON:SLP) Reaches New 12-Month High - Here's Why

Sylvania Platinum logo with Basic Materials background

Key Points

  • Shares of Sylvania Platinum Limited reached a new 52-week high of GBX 82 ($1.11) during trading, closing last at GBX 77.60 ($1.05) with a trading volume of over 1.4 million shares.
  • Berenberg Bank has lowered its price target for the stock from GBX 93 to GBX 90 but still maintains a "buy" rating, contributing to an average target price of GBX 90 from analysts.
  • Sylvania Platinum, a mid-tier low-cost PGM producer, operates six chrome beneficiation and PGM processing plants in the Bushveld Igneous Complex.
  • MarketBeat previews the top five stocks to own by October 1st.

Sylvania Platinum Limited (LON:SLP - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 82 ($1.11) and last traded at GBX 77.60 ($1.05), with a volume of 1413978 shares. The stock had previously closed at GBX 77.60 ($1.05).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on Sylvania Platinum from GBX 93 to GBX 90 and set a "buy" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 90.

View Our Latest Research Report on Sylvania Platinum

Sylvania Platinum Stock Up 1.3%

The stock has a market cap of £202.89 million, a price-to-earnings ratio of 1,852.73, a PEG 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's 50-day simple moving average is GBX 74.18 and its two-hundred day simple moving average is GBX 61.52.

About Sylvania Platinum

(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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