Stillwater Mining Company (SWC) : Analyst Rating Update

Stillwater Mining Company (SWC) : Zacks Investment Research ranks Stillwater Mining Company (SWC) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.2, which indicates as a Buy.

Stillwater Mining Company (SWC) : 3 Wall Street analysts covering Stillwater Mining Company (SWC) believe that the average level the stock could reach for the short term is $12.33. The maximum price target given is $13 and the minimum target for short term is around $11, hence the standard deviation is calculated at $1.15.

Stillwater Mining Company (NYSE:SWC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.28 and $11.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.25, notching a gain of 0.08% for the day. The total traded volume was 2,204,190 . The stock had closed at $12.24 on the previous day.

Also, Equity Analysts at the Bank of America reinstates the rating on Stillwater Mining Company (NYSE:SWC). The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on June 9, 2016. The company shares have rallied 17.02% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $14.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.56 and the 200 Day Moving Average price is recorded at $9.39.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals or PGMs) 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 is also engaged in expanding its mining operations on the J-M Reef, and holds the Marathon PGM-copper property adjacent to Lake Superior in northern Ontario, Canada and the Altar copper-gold property in the province of San Juan, Argentina. It operates five reportable business segments: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. It conducts mining operations at its Stillwater Mine near Nye, Montana and at its East Boulder Mine south of Big Timber, Montana.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.