Stillwater Mining Company (SWC) has risen sharply, recording gains of 19.17% in the past 4 weeks. However, the stock has corrected -0.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 16.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Stillwater Mining Company (NYSE:SWC): The stock opened at $15.12 on Friday but the bulls could not build on the opening and the stock topped out at $15.41 for the day. The stock traded down to $15.02 during the day, due to lack of any buying support eventually closed down at $15.17 with a loss of -0.46% for the day. The stock had closed at $15.24 on the previous day. The total traded volume was 1,593,370 shares.
The stock has recorded a 20-day Moving Average of 10.16% and the 50-Day Moving Average is 26.66%. Stillwater Mining Company is up 48.29% in the last 3-month period. Year-to-Date the stock performance stands at 77.01%.
Stillwater Mining Company (SWC) : The highest level Stillwater Mining Company (SWC) is projected to reach is $19 for the short term and the lowest estimate is at $13. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $16 and the possibility the share price can swing is $3.
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.