New York State Teachers Retirement System boosted its stake in shares of Stillwater Mining Company (NYSE:SWC) by 13.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,500 shares of the mining company’s stock after buying an additional 13,200 shares during the period. New York State Teachers Retirement System owned 0.09% of Stillwater Mining worth $1,943,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of SWC. Russell Investments Group Ltd. purchased a new stake in Stillwater Mining during the fourth quarter valued at approximately $258,000. Norges Bank purchased a new stake in Stillwater Mining during the fourth quarter valued at approximately $11,290,000. Teachers Advisors LLC raised its stake in 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 during the period. Bank of Montreal Can raised its stake in Stillwater Mining by 2,532.3% in the first quarter. Bank of Montreal Can now owns 362,041 shares of the mining company’s stock valued at $6,253,000 after buying an additional 348,287 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Stillwater Mining by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 49,400 shares of the mining company’s stock valued at $853,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 89.28% of the company’s stock.
Stillwater Mining Company (NYSE:SWC) opened at 18.00 on Wednesday. Stillwater Mining Company has a 52-week low of $9.40 and a 52-week high of $18.00. The stock’s 50 day moving average is $17.99 and its 200-day moving average is $17.07.
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Separately, Royal Bank Of Canada set a $17.00 price objective on shares of Stillwater Mining and gave the company a “hold” rating in a research note on Monday, April 10th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Stillwater Mining currently has an average rating of “Hold” and an average target price 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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