Stillwater Mining Company (SWC) has risen sharply, recording gains of 11.01% in the past 4 weeks. However, the stock has corrected -2.31% 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 9.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.74% and the 50-Day Moving Average is 18.58%. Stillwater Mining Company (NYSE:SWC): On Fridays trading session , Opening price of the stock was $15.29 with an intraday high of $15.312. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.66. However, the stock managed to close at $14.82, a loss of 2.37% for the day. On the previous day, the stock had closed at $15.18. The total traded volume of the day was 1,779,660 shares.
The company Insiders own 0.2% of Stillwater Mining Company shares according to the proxy statements. Institutional Investors own 94.46% of Stillwater Mining Company shares. Also, In the latest statement by the brokerage house, Bank of America reinstates its outlook on Stillwater Mining Company (NYSE:SWC). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on June 9, 2016.
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.