Sylvania Platinum (LON:SLP) Earns Outperform Rating from Royal Bank Of Canada

Sylvania Platinum (LON:SLPGet Free Report)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 175 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 87.37% from the company’s current price.

Separately, Berenberg Bank boosted their target price on Sylvania Platinum from GBX 166 to GBX 169 and gave the stock a “buy” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 172.

View Our Latest Stock Analysis on SLP

Sylvania Platinum Price Performance

LON:SLP opened at GBX 93.40 on Thursday. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36. The company has a market capitalization of £241.74 million, a P/E ratio of 6.70, a P/E/G ratio of 0.05 and a beta of 1.77. Sylvania Platinum has a 12 month low of GBX 60 and a 12 month high of GBX 130. The business’s 50-day moving average is GBX 99.16 and its 200 day moving average is GBX 102.32.

Sylvania Platinum announced that its board has approved a share repurchase program on Monday, March 23rd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Sylvania Platinum

In related news, insider Martin Preece acquired 65,100 shares of Sylvania Platinum stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of GBX 84 per share, with a total value of £54,684. Also, insider Eileen Carr acquired 25,000 shares of Sylvania Platinum stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of GBX 81 per share, for a total transaction of £20,250. 4.80% of the stock is currently owned by insiders.

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).

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

Featured Articles

Receive News & Ratings for Sylvania Platinum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sylvania Platinum and related companies with MarketBeat.com's FREE daily email newsletter.