The stock of Stillwater Mining Company (NYSE:SWC) is a huge mover today! About 2.82M shares traded hands or 55.80% up from the average. Stillwater Mining Company (NYSE:SWC) has risen 59.24% since February 29, 2016 and is uptrending. It has outperformed by 47.02% the S&P500.
The move comes after 7 months negative chart setup for the $1.58 billion company. It was reported on Oct, 4 by Barchart.com. We have $11.76 PT which if reached, will make NYSE:SWC worth $94.80M less.
Analysts await Stillwater Mining Company (NYSE:SWC) to report earnings on November, 4. They expect $0.04 earnings per share, up 140.00% or $0.14 from last year’s $-0.1 per share. SWC’s profit will be $5.05M for 78.19 P/E if the $0.04 EPS becomes a reality. After $0.01 actual earnings per share reported by Stillwater Mining Company for the previous quarter, Wall Street now forecasts 300.00% 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. Stillwater Mining Company has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Thursday, June 9 the stock rating was maintained by Bank of America with “Buy”. The firm earned “Sector Underperform” rating on Friday, December 11 by IBC. The stock of Stillwater Mining Company (NYSE:SWC) has “Neutral” rating given on Wednesday, February 24 by Goldman Sachs. FBR Capital maintained Stillwater Mining Company (NYSE:SWC) rating on Wednesday, July 20. FBR Capital has “Outperform” rating and $17 price target. On Friday, September 18 the stock rating was initiated by FBR Capital with “Mkt Perform”. The stock has “Sector Perform” rating given by IBC on Wednesday, October 14. Bank of America downgraded Stillwater Mining Company (NYSE:SWC) on Wednesday, July 29 to “Underperform” rating. As per Monday, December 7, the company rating was maintained by RBC Capital Markets. FBR Capital upgraded it to “Outperform” rating and $11 target price in Thursday, January 28 report.
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 dived, 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.
Dekabank Deutsche Girozentrale last reported 16,848 shares in the company. Grp One Trading Ltd Partnership holds 0.01% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 95,269 shares. Blackrock Advsr Limited Co holds 0% or 59,681 shares in its portfolio. Van Eck Assocs Corp owns 37,000 shares or 0% of their US portfolio. Oppenheimer has invested 0% of its portfolio in Stillwater Mining Company (NYSE:SWC). Brookfield Asset Mgmt last reported 0% of its portfolio in the stock. Blackrock holds 0% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 36,104 shares. Legal General Public Limited Company accumulated 0% or 30,501 shares. Tci Wealth Advisors Incorporated has invested 0% of its portfolio in Stillwater Mining Company (NYSE:SWC). Tradewinds Mngmt Ltd Liability Com last reported 200 shares in the company. Hussman Strategic Advsr reported 10,000 shares or 0.02% of all its holdings. Northern has 1.95 million shares for 0.01% of their US portfolio. New York State Common Retirement Fund reported 118,300 shares or 0% of all its holdings. Blair William & Commerce Il has 0% invested in the company for 30,789 shares. Qs Invsts Limited Liability Corporation owns 234,013 shares or 0.02% of their US portfolio.
More notable recent Stillwater Mining Company (NYSE:SWC) news were published by: Fool.com which released: “Why Stillwater Mining Company Stock Rose 17.19% in June” on July 08, 2016, also Fool.com with their article: “Why Stillwater Mining Company Shares Fell 13% in May” published on June 09, 2016, 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) were released by: Fool.com and their article: “Why Stillwater Mining Company’s Stock Rose 12.34% in April” published on May 10, 2016 as well as Fool.com‘s news article titled: “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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