Alliancebernstein L.P. Has $3.12 Million Position in Stillwater Mining Company (SWC)
Alliancebernstein L.P. increased its stake in Stillwater Mining Company (NYSE:SWC) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,548 shares of the mining company’s stock after buying an additional 16,800 shares during the period. Alliancebernstein L.P. owned approximately 0.15% of Stillwater Mining worth $3,118,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Oxford Asset Management bought a new stake in shares of Stillwater Mining during the first quarter valued at about $50,947,000. PSquared Asset Management AG bought a new stake in shares of Stillwater Mining during the first quarter valued at about $33,274,000. Norges Bank bought a new stake in shares of Stillwater Mining during the fourth quarter valued at about $11,290,000. Gluskin Sheff & Assoc Inc. bought a new stake in shares of Stillwater Mining during the first quarter valued at about $15,757,000. Finally, Teachers Advisors LLC increased its stake in shares of Stillwater Mining by 203.2% in the fourth quarter. Teachers Advisors LLC now owns 693,008 shares of the mining company’s stock valued at $11,164,000 after buying an additional 464,406 shares in the last quarter. 89.28% of the stock is owned by institutional investors.
Stillwater Mining Company (NYSE SWC) remained flat at $18.00 on Thursday. 3,015,042 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.19 billion, a PE ratio of 225.00 and a beta of 1.59. Stillwater Mining Company has a one year low of $9.40 and a one year high of $18.00. The company has a 50-day moving average of $17.99 and a 200-day moving average of $17.07.
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Separately, Royal Bank Of Canada set a $17.00 target price on shares of Stillwater Mining and gave the company a “hold” rating in a research report on Monday, April 10th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Stillwater Mining currently has an average rating of “Hold” and an average price target of $19.00.
About Stillwater Mining
Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals (PGMs)) produced by mining a geological formation in south-central Montana, known as the J-M Reef. The Company operates through five segments: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other.
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