Analysts Positive on Stillwater Mining Company

Though Stillwater Mining’s (NYSE:SWC) share price has fallen this year, some analysts are saying the drop is temporary, and may already have reached bottom, according to Seeking Alpha.

As quoted in the publication:

Since July, SWC has fallen from +$19/share to below $14/share. Today’s market cap is $1.7 billion, with 120 million shares outstanding. Five analysts are reporting on the company, and show an average price target of $21/share. If the J.P. Morgan analysts are correct about the coming prices of Pt and Pd, this stock is poised to roar back and take out previous highs as the largest producer in the first world, despite the relatively high cost per ounce of its underground production. Stillwater has a significant recycling component to its operations as well; a key positive, in my view.

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