Sylvania Platinum (LON:SLP) Sets New 52-Week High – What’s Next?

Sylvania Platinum Limited (LON:SLP)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 111 and last traded at GBX 106, with a volume of 3277951 shares trading hands. The stock had previously closed at GBX 106.

Analyst Ratings Changes

Separately, Berenberg Bank increased their target price 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 equities research 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 109.

Sylvania Platinum Price Performance

The company has a fifty day simple moving average of GBX 88.69 and a 200 day simple moving average of GBX 81.17. The stock has a market capitalization of £275.74 million, a price-to-earnings ratio of 13.71, 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.

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).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.