Sylvania Platinum (LON:SLP) Price Target Raised to GBX 130

Sylvania Platinum (LON:SLP) had its price objective boosted by Berenberg Bank from GBX 127 to GBX 130 in a research note released on Tuesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Sylvania Platinum Stock Down 4.8%

SLP opened at GBX 121.40 on Tuesday. The firm’s fifty day moving average is GBX 102.57 and its 200 day moving average is GBX 88.42. The stock has a market cap of £315.81 million, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. Sylvania Platinum has a fifty-two week low of GBX 41.25 and a fifty-two week high of GBX 130. The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94.

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.