Will Stillwater Mining Company Go Down Anytime Soon? Option Trader Believe So

 Will Stillwater Mining Company Go Down Anytime Soon? Option Trader Believe So

In today’s session Stillwater Mining Company (SWC) recorded an unusually high (300) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SWC decrease. With 300 contracts traded and 5964 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SWC161216P00014000 closed last at: $0.4 or 11.1% down. About 110,612 shares traded hands. Stillwater Mining Company (NYSE:SWC) has risen 25.42% since April 27, 2016 and is uptrending. It has outperformed by 20.20% the S&P500.

Analysts await Stillwater Mining Company (NYSE:SWC) to report earnings on February, 27. They expect $0.07 EPS, up 75.00% or $0.03 from last year’s $0.04 per share. SWC’s profit will be $8.57M for 53.11 P/E if the $0.07 EPS becomes a reality. After $0.10 actual EPS reported by Stillwater Mining Company for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth.

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 -12.58% below today’s ($14.87) stock price. Stillwater Mining Company has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. IBC downgraded Stillwater Mining Company (NYSE:SWC) rating on Wednesday, October 14. IBC has “Sector Perform” rating and $11 price target. IBC downgraded Stillwater Mining Company (NYSE:SWC) on Friday, December 11 to “Sector Underperform” rating. The stock of Stillwater Mining Company (NYSE:SWC) earned “Outperform” rating by FBR Capital on Thursday, January 28. The firm earned “Buy” rating on Thursday, June 9 by Bank of America. The stock has “Outperform” rating given by FBR Capital on Wednesday, July 20. The stock of Stillwater Mining Company (NYSE:SWC) has “Mkt Perform” rating given on Friday, September 18 by FBR Capital. The stock of Stillwater Mining Company (NYSE:SWC) earned “Underperform” rating by Bank of America on Wednesday, July 29. The firm has “Neutral” rating given on Wednesday, February 24 by Goldman Sachs. The stock of Stillwater Mining Company (NYSE:SWC) earned “Sector Perform” rating by RBC Capital Markets on Monday, December 7.

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 increased to 1.01 in Q2 2016. Its up 0.26, from 0.75 in 2016Q1. The ratio is positive, 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.
Commonwealth State Bank Of Aus reported 2.62 million shares or 0.37% of all its holdings. Voya Mngmt Llc accumulated 55,703 shares or 0% of the stock. Pinnacle Associates Ltd has invested 0.31% of its portfolio in Stillwater Mining Company (NYSE:SWC). Capstone Asset Mgmt owns 34,252 shares or 0.01% of their US portfolio. Brookfield Asset Mgmt holds 0% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 18,744 shares. Swiss Commercial Bank holds 0% or 201,500 shares in its portfolio. Mark Sheptoff Financial Planning Ltd Co owns 25 shares or 0% of their US portfolio. The Iowa-based Principal Fincl Grp Inc has invested 0.01% in Stillwater Mining Company (NYSE:SWC). D E Shaw And owns 400,435 shares or 0.01% of their US portfolio. Washington Trust Bancorp accumulated 2,080 shares or 0.01% of the stock. Tci Wealth Advisors accumulated 163 shares or 0% of the stock. Aperio Grp Lc has invested 0% of its portfolio in Stillwater Mining Company (NYSE:SWC). Tiaa Cref Inv Ltd holds 502,553 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 47,948 shares. Clinton holds 0.08% or 160,421 shares in its 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 $1.82 billion. The Firm operates through five divisions: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. It has a 230.22 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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