Stillwater Mining Company (SWC) : Traders are bullish on Stillwater Mining Company (SWC) as it has outperformed the S&P 500 by a wide margin of 3.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.75% in the last 1 week, and is up 2.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.17% and the 50-Day Moving Average is 1.64%.The 200 Day SMA reached 25.83%
Stillwater Mining Company (NYSE:SWC): After opening at $13.11, the stock dipped to an intraday low of $12.88 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.45 and the buying power remained strong till the end. The stock closed at $13.36 for the day, a gain of 3.57% for the day session. The total traded volume was 2,040,537. The stocks close on the previous trading day was $13.36.
Stillwater Mining Company (SWC) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $20 and the lowest price target forecast is $13. The average forecast of all the analysts is $16.33 and the expected standard deviation is $3.51.
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.