The stock of Stillwater Mining Company (NYSE:SWC) is a huge mover today! About 1.68M shares traded hands. Stillwater Mining Company (NYSE:SWC) has risen 38.18% since April 14, 2016 and is uptrending. It has outperformed by 33.49% the S&P500.
The move comes after 5 months negative chart setup for the $1.88B company. It was reported on Nov, 16 by Barchart.com. We have $13.74 PT which if reached, will make NYSE:SWC worth $169.20 million less.
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 company was upgraded on Thursday, January 28 by FBR Capital. The rating was maintained by Bank of America with “Buy” on Thursday, June 9. IBC downgraded Stillwater Mining Company (NYSE:SWC) on Wednesday, October 14 to “Sector Perform” rating. FBR Capital maintained the shares of SWC in a report on Wednesday, July 20 with “Outperform” rating. The firm earned “Mkt Perform” rating on Friday, September 18 by FBR Capital. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, February 24. The stock of Stillwater Mining Company (NYSE:SWC) has “Sector Underperform” rating given on Friday, December 11 by IBC. The stock of Stillwater Mining Company (NYSE:SWC) has “Underperform” rating given on Wednesday, July 29 by Bank of America. RBC Capital Markets maintained Stillwater Mining Company (NYSE:SWC) rating on Monday, December 7. RBC Capital Markets has “Sector Perform” rating and $11 price target.
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 fall, 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.
Tower Rech Cap Lc (Trc), a New York-based fund reported 13,538 shares. Pnc Fincl Group holds 1,204 shares or 0% of its portfolio. Standard Life Investments Limited, a United Kingdom-based fund reported 5.86M shares. Winch Advisory Lc accumulated 2,010 shares or 0.03% of the stock. Lpl Financial Ltd Liability Corporation has 41,298 shares for 0% of their US portfolio. Capstone Asset Mngmt reported 34,252 shares or 0.01% of all its holdings. Moreover, Trexquant Investment Limited Partnership has 0.03% invested in Stillwater Mining Company (NYSE:SWC) for 21,189 shares. Ameriprise Fincl Inc reported 1.01M shares or 0.01% of all its holdings. Virginia Retirement Et Al holds 0.02% or 95,500 shares in its portfolio. Sei Communication holds 0% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 2,499 shares. Icm Asset Incorporated Wa last reported 2.24% of its portfolio in the stock. First Allied Advisory has 15,500 shares for 0.01% of their US portfolio. Clear Harbor Asset Management Ltd Liability, a New York-based fund reported 31,250 shares. Moreover, Clinton Inc has 0.08% invested in Stillwater Mining Company (NYSE:SWC) for 160,421 shares. Thompson Invest holds 0.04% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 15,200 shares.
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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