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

Sylvania Platinum (LON:SLP)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 175 target price on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 87.37% from the stock’s current price.

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

Sylvania Platinum Price Performance

LON SLP opened at GBX 93.40 on Thursday. The company has a market capitalization of £241.74 million, a PE ratio of 6.70, a price-to-earnings-growth ratio of 0.05 and a beta of 1.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 15.92 and a current ratio of 5.30. The business’s fifty day moving average is GBX 99.16 and its 200 day moving average is GBX 102.32. Sylvania Platinum has a fifty-two week low of GBX 60 and a fifty-two week high of GBX 130.

Sylvania Platinum declared that its Board of Directors has approved a stock buyback plan on Monday, March 23rd that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

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

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.