Nomura Holdings Inc. purchased a new position in Stillwater Mining Company (NYSE:SWC) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 69,896 shares of the mining company’s stock, valued at approximately $1,207,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Stillwater Mining Company by 5.0% in the first quarter. Vanguard Group Inc. now owns 10,861,822 shares of the mining company’s stock worth $187,583,000 after buying an additional 513,828 shares in the last quarter. State Street Corp raised its position in shares of Stillwater Mining Company by 8.1% in the first quarter. State Street Corp now owns 5,274,283 shares of the mining company’s stock valued at $91,086,000 after buying an additional 396,845 shares during the last quarter. Oxford Asset Management bought a new position in shares of Stillwater Mining Company during the first quarter valued at approximately $50,947,000. PSquared Asset Management AG bought a new position in shares of Stillwater Mining Company during the first quarter valued at approximately $33,274,000. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Stillwater Mining Company by 19.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 1,835,500 shares of the mining company’s stock valued at $31,699,000 after buying an additional 295,500 shares during the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.
Stillwater Mining Company (SWC) remained flat at $18.00 during midday trading on Friday. 3,015,042 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $17.99 and its 200 day moving average is $17.07. Stillwater Mining Company has a 52 week low of $10.07 and a 52 week high of $18.00.
Separately, Royal Bank Of Canada set a $17.00 price target on shares of Stillwater Mining Company and gave the stock a “hold” rating in a research report on Monday, April 10th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Stillwater Mining Company currently has an average rating of “Hold” and a consensus target price of $19.00.
About Stillwater Mining Company
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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