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Stillwater Mining Company (SWC) [hlAlert]

Rating:
Underweight
SWC
up 84.03 %

Stillwater Mining Company (SWC) rated Underweight by HSBC Securities

Posted on: Tuesday,  Mar 25, 2008  9:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Stillwater Mining Company (NYSE: SWC) on 03/25/2008, when the stock price was $16.71. Since
then, Stillwater Mining Company has lost 45.66% as of 01/28/2016's recent price of $9.08.
If you would have followed this HSBC Securities's recommendation on SWC, you would have gained 84.03% of your investment in 2865 days.

Stillwater Mining Company is engaged in the development, extraction, processing, refining and marketing of palladium, platinum and associated metals from a geological formation in south central Montana known as the J-M Reef and from the recycling of spent catalytic converters. The Company conducts mining operations at the Stillwater Mine near Nye, Montana and at the East Boulder Mine near Big Timber, Montana. Both mines are located on the J-M Reef. The Company operates concentrating plants at each mining operation to upgrade mined production to a concentrate form. The Company operates a smelter and base metal refinery at Columbus, Montana at which it further upgrades the mined concentrates into a PGM-rich filter cake. During the year ended December 31, 2008, the Company had proven and probable ore reserves of approximately 38.2 million tons with an average grade of 0.54 ounce of platinum group metals (PGMs) per ton.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2008 9:25 AM Sell
None
16.71
as of 12/24/2008
1 Week up  4.52 %
1 Month down  -14.56 %
3 Months down  -8.92 %
1 YTD up  72.23 %

(*) Stock Price at the time of the recommendation.
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