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Top resource ideas: Stillwater (SWC) for platinum and palladium

This article is part of a 20 article special report on "Metals, miners and money".

"We have added palladium and platinum miner, Stillwater Mining (NYSE: SWC), to the high-risk, high-return Aggressive Growth portfolio," notes Bill Martin. The editor of FindProfit notes that this portfolio is meant to provide "swing for the fences ideas with home-run return potential."

"Stillwater reported disappointing third quarter earnings, as production fell and costs rose due to labor and production challenges. While results should improve materially in Q4, the company is still behind its original plan for the year.

"Despite these near-term bumps, we believe that SWC is on the cusp of a breakout as prices for palladium and platinum continue to strengthen. Platinum, in particular, has been on fire this year, rising more than 25% to nearly $1,500 per ounce.

"This price rise should add $25 million to SWC's bottom line in 2008. Palladium has also been stronger, rising above $350 per ounce, however, that market still has plenty of runway to move higher.

Continue reading Top resource ideas: Stillwater (SWC) for platinum and palladium

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 08:18 PM

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