Sylvania Platinum (LON:SLP) Cut to Outperform at Royal Bank Of Canada

Royal Bank Of Canada cut shares of Sylvania Platinum (LON:SLP) to an outperform rating in a research note released on Monday, MarketBeat Ratings reports. They currently have GBX 165 price objective on the stock, down from their previous price objective of GBX 170.

Separately, Berenberg Bank decreased their target price on shares of Sylvania Platinum from GBX 174 to GBX 162 and set a “buy” rating for the company in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 163.50.

Sylvania Platinum Stock Up 1.6%

Sylvania Platinum stock opened at GBX 80.28 on Monday. Sylvania Platinum has a 1-year low of GBX 71 and a 1-year high of GBX 130. The firm has a market capitalization of £207.79 million, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 0.05 and a beta of 1.76. The firm’s fifty day moving average price is GBX 86.99 and its two-hundred day moving average price is GBX 98.90. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36.

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.