Is Selling Stillwater Mining Company Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Stillwater Mining Company Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Stillwater Mining Company (SWC) recorded an unusually high (180) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SWC decrease. With 180 contracts traded and 604 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SWC161118P00014000 closed last at: $1.1 or 37.5% up. About 614,009 shares traded hands. Stillwater Mining Company (NYSE:SWC) has risen 29.39% since April 4, 2016 and is uptrending. It has outperformed by 28.30% the S&P500.

Stillwater Mining Company (NYSE:SWC) Ratings Coverage

Out of 6 analysts covering Stillwater Mining Company (NYSE:SWC), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $17 is the highest target while $9 is the lowest. The $13 average target is -6.20% below today’s ($13.86) stock price. Stillwater Mining Company has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, December 7. Bank of America downgraded the stock to “Underperform” rating in Wednesday, July 29 report. The rating was downgraded by IBC on Friday, December 11 to “Sector Underperform”. The firm earned “Outperform” rating on Thursday, January 28 by FBR Capital. The firm earned “Outperform” rating on Wednesday, July 20 by FBR Capital. IBC downgraded the stock to “Sector Perform” rating in Wednesday, October 14 report. As per Thursday, June 9, the company rating was maintained by Bank of America. The company was downgraded on Wednesday, February 24 by Goldman Sachs. The firm earned “Mkt Perform” rating on Friday, September 18 by FBR Capital.

According to Zacks Investment Research, “Stillwater Mining Company is engaged in the exploration, development, mining and production of platinum, palladium and associated metals from the Stillwater Complex in southern Montana, which the company believes is the only significant primary source of platinum and palladium outside the Republic of South Africa. The Stillwater Complex includes an extensive mineralized zone containing platinum group metals known as the J-M Reef The Stillwater Complex has been prospected for gold, copper, nickel and chromium.”

Insitutional Activity: The institutional sentiment decreased to 0.75 in 2016 Q2. Its down 0.17, from 0.92 in 2016Q1. The ratio turned negative, as 49 funds sold all Stillwater Mining Company shares owned while 38 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 146.95 million shares or 4.07% less from 153.18 million shares in 2016Q1.
Bridgeway last reported 0.01% of its portfolio in the stock. The Louisiana-based Louisiana State Employees Retirement Sys has invested 0.03% in Stillwater Mining Company (NYSE:SWC). Moreover, Kcg Holding has 0.01% invested in Stillwater Mining Company (NYSE:SWC) for 37,926 shares. Prentiss Smith And Co Inc accumulated 1,000 shares or 0.01% of the stock. Savings Bank Of Montreal Can has 4,355 shares for 0% of their US portfolio. Northern Trust Corporation accumulated 1.95 million shares or 0.01% of the stock. Prudential accumulated 291,984 shares or 0.01% of the stock. Legal & General Grp Incorporated Public Limited Liability Company accumulated 30,501 shares or 0% of the stock. Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in the company for 42,500 shares. First Tru Advsr Limited Partnership holds 0% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 23,704 shares. Public Employees Retirement Association Of Colorado owns 26,116 shares or 0% of their US portfolio. First Midwest Fincl Bank Trust Division last reported 0.04% of its portfolio in the stock. Prudential Public Ltd owns 35.04M shares or 0.16% of their US portfolio. Arizona State Retirement Sys last reported 0.01% of its portfolio in the stock. Pinebridge Investments Limited Partnership owns 15,354 shares or 0.01% of their US portfolio.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals, such as platinum group metals produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources. The company has a market cap of $1.66 billion. The Firm operates through five divisions: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. It has a 214.58 P/E ratio. The Mine Production segment consists of two business components: the Stillwater Mine and the East Boulder Mine.

SWC Company Profile

Stillwater Mining Company, incorporated on December 2, 1992, is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals, such as platinum group metals (PGM) produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources. The Firm is also engaged in expanding its mining activities on the J-M Reef, and holds the Marathon PGM-copper property adjacent to Lake Superior in northern Ontario, Canada and at the Altar copper-gold property in the province of San Juan, Argentina. The Firm operates through five divisions: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other.

More important recent Stillwater Mining Company (NYSE:SWC) news were published by: Fool.com which released: “Why Stillwater Mining Company Shares Fell 13% in May” on June 09, 2016, also Fool.com published article titled: “Why Stillwater Mining Company Stock Rose 17.19% in June”, Fool.com published: “Why Stillwater Mining Company Stock Ran Up 26.94% in March” on April 08, 2016. More interesting news about Stillwater Mining Company (NYSE:SWC) was released by: Fool.com and their article: “Why Stillwater Mining Company’s Stock Rose 28% in February” with publication date: March 14, 2016.

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