Nomura Holdings Inc. acquired a new position in shares of Stillwater Mining Company (NYSE:SWC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 69,896 shares of the mining company’s stock, valued at approximately $1,207,000.
Other hedge funds also recently bought and sold shares of the company. Flinton Capital Management LLC bought a new stake in Stillwater Mining Company during the fourth quarter worth $118,000. Gamco Investors INC. ET AL bought a new stake in Stillwater Mining Company during the first quarter worth $183,000. Ancora Advisors LLC bought a new stake in Stillwater Mining Company during the fourth quarter worth $209,000. State of Alaska Department of Revenue increased its stake in Stillwater Mining Company by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 13,440 shares of the mining company’s stock worth $232,000 after buying an additional 340 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Stillwater Mining Company during the first quarter worth $271,000. Institutional investors and hedge funds own 89.28% of the company’s stock.
Shares of Stillwater Mining Company (SWC) remained flat at $18.00 during mid-day trading on Monday. Stillwater Mining Company has a 12-month low of $9.40 and a 12-month high of $18.00. The firm has a 50-day moving average of $17.99 and a 200-day moving average of $17.07.
COPYRIGHT VIOLATION NOTICE: “Nomura Holdings Inc. Acquires New Stake in Stillwater Mining Company (SWC)” was originally posted by BBNS and is the property of of BBNS. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://baseballnewssource.com/markets/nomura-holdings-inc-acquires-new-stake-in-stillwater-mining-company-swc/1043652.html.
A number of analysts have weighed in on SWC shares. TheStreet downgraded Stillwater Mining Company from a “b-” rating to a “c” rating in a report on Thursday, February 23rd. Zacks Investment Research downgraded Stillwater Mining Company from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 21st. Finally, Royal Bank Of Canada set a $17.00 price target on Stillwater Mining Company and gave the stock a “hold” rating in a report on Monday, April 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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.
Receive News & Ratings for Stillwater Mining Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stillwater Mining Company and related companies with our FREE daily email newsletter.