The stock of Stillwater Mining Company (NYSE:SWC) is a huge mover today! About 903,266 shares traded hands. Stillwater Mining Company (NYSE:SWC) has risen 14.12% since March 7, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.
The move comes after 9 months positive chart setup for the $1.44 billion company. It was reported on Oct, 10 by Barchart.com. We have $17.35 PT which if reached, will make NYSE:SWC worth $633.60M more.
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 $4.78M for 75.31 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. RBC Capital Markets maintained Stillwater Mining Company (NYSE:SWC) on Monday, December 7 with “Sector Perform” rating. The rating was downgraded by IBC on Friday, December 11 to “Sector Underperform”. On Wednesday, October 14 the stock rating was downgraded by IBC to “Sector Perform”. The rating was initiated by FBR Capital with “Mkt Perform” on Friday, September 18. The rating was maintained by Bank of America on Thursday, June 9 with “Buy”. The stock of Stillwater Mining Company (NYSE:SWC) earned “Outperform” rating by FBR Capital on Wednesday, July 20. On Thursday, January 28 the stock rating was upgraded by FBR Capital to “Outperform”. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, February 24 report. The company was downgraded on Wednesday, July 29 by Bank of America.
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.
Loews reported 207,132 shares or 0.02% of all its holdings. New York State Common Retirement Fund holds 0% or 118,300 shares in its portfolio. Teachers Retirement Of The State Of Kentucky accumulated 0.01% or 42,500 shares. Price T Rowe Associate Md reported 517,822 shares or 0% of all its holdings. Renaissance Technology Ltd Liability Company accumulated 1.65M shares or 0.04% of the stock. Parametric Llc reported 121,253 shares or 0% of all its holdings. The Maryland-based Hussman Strategic Advsrs has invested 0.02% in Stillwater Mining Company (NYSE:SWC). Pinnacle Assoc has 1.22M shares for 0.31% of their US portfolio. Contrarius Mgmt Ltd last reported 6.46M shares in the company. Kornitzer Inc Ks last reported 15,000 shares in the company. Gsa Capital Prtn Ltd Liability Partnership has 56,696 shares for 0.04% of their US portfolio. Tci Wealth Advisors Inc last reported 0% of its portfolio in the stock. Brookfield Asset Management accumulated 0% or 18,744 shares. Next Fincl Group last reported 0% of its portfolio in the stock. Citadel Advisors Limited Liability Company accumulated 0% or 113,137 shares.
More 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 the news titled: “Why Stillwater Mining Company Stock Rose 17.19% in June” on July 08, 2016. Fool.com‘s news article titled: “Why Stillwater Mining Company Stock Ran Up 26.94% in March” with publication date: April 08, 2016 was also an interesting one.
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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