The stock of Stillwater Mining Company (NYSE:SWC) is a huge mover today! About 488,406 shares traded hands. Stillwater Mining Company (NYSE:SWC) has risen 30.66% since April 5, 2016 and is uptrending. It has outperformed by 28.70% the S&P500.
The move comes after 6 months positive chart setup for the $1.72B company. It was reported on Nov, 8 by Barchart.com. We have $16.99 PT which if reached, will make NYSE:SWC worth $361.20 million more.
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. Stillwater Mining Company has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Underperform” rating on Wednesday, July 29 by Bank of America. IBC downgraded Stillwater Mining Company (NYSE:SWC) rating on Wednesday, October 14. IBC has “Sector Perform” rating and $11 price target. FBR Capital upgraded Stillwater Mining Company (NYSE:SWC) on Thursday, January 28 to “Outperform” rating. As per Monday, December 7, the company rating was maintained by RBC Capital Markets. Goldman Sachs downgraded the shares of SWC in a report on Wednesday, February 24 to “Neutral” rating. On Friday, December 11 the stock rating was downgraded by IBC to “Sector Underperform”. The rating was maintained by FBR Capital on Wednesday, July 20 with “Outperform”. FBR Capital initiated it with “Mkt Perform” rating and $9 target price in Friday, September 18 report. The rating was maintained by Bank of America with “Buy” on Thursday, June 9.
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 Q2 2016. Its down 0.17, from 0.92 in 2016Q1. The ratio worsened, 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.
Tiaa Cref Invest Mngmt reported 502,553 shares or 0% of all its holdings. Franklin Inc owns 7.79 million shares or 0.05% of their US portfolio. Natl Bank Of Montreal Can holds 0% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 4,355 shares. Exane Derivatives has invested 0% of its portfolio in Stillwater Mining Company (NYSE:SWC). The Ohio-based Fifth Third Comml Bank has invested 0% in Stillwater Mining Company (NYSE:SWC). Blackrock has 0% invested in the company for 36,104 shares. Geode Cap Lc has invested 0.01% of its portfolio in Stillwater Mining Company (NYSE:SWC). New York State Teachers Retirement Systems, a New York-based fund reported 99,300 shares. Great West Life Assurance Company Can holds 0% or 12,478 shares in its portfolio. Ruffer Llp accumulated 7.00M shares or 0.35% of the stock. Ubs Asset Mgmt Americas Incorporated has 73,412 shares for 0% of their US portfolio. Moreover, Oxford Asset Management has 0.02% invested in Stillwater Mining Company (NYSE:SWC) for 30,549 shares. Teachers Advsrs Inc holds 0% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 224,420 shares. Northern Tru holds 0.01% or 1.95M shares in its portfolio. Platinum Inv Ltd last reported 13.25 million shares in the company.
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.
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.
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