Sylvania Platinum (LON:SLP) Sets New 1-Year Low – Should You Sell?

Sylvania Platinum Limited (LON:SLP) shares hit a new 52-week low on Monday. The stock traded as low as GBX 68 and last traded at GBX 85.50, with a volume of 637,543 shares trading hands. The stock had previously closed at GBX 84.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SLP shares. Berenberg Bank cut their target price on shares of Sylvania Platinum from GBX 159 to GBX 148 and set a “buy” rating for the company in a research note on Friday, October 30th. Royal Bank Of Canada lowered shares of Sylvania Platinum to an “outperform” rating and decreased their price target for the company from GBX 170 to GBX 165 in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Sylvania Platinum currently has a consensus rating of “Buy” and an average target price of GBX 156.50.

Sylvania Platinum Stock Performance

The stock’s 50-day simple moving average is GBX 91.82 and its 200-day simple moving average is GBX 96.06. The stock has a market cap of £220.42 million, a price-to-earnings ratio of 3.33, a price-to-earnings-growth ratio of 0.05 and a beta of 1.66. The company has a current ratio of 5.32, a quick ratio of 15.92 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling at Sylvania Platinum

In other news, insider Johannes Jacobus Prinsloo sold 91,800 shares of Sylvania Platinum stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of GBX 90, for a total value of £82,620. Corporate insiders own 4.68% of the company’s stock.

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.