Which mining stock could make your portfolio rock solid? Tim Seymour, says it's Stillwater Mining !
The company is one of the biggest miners of platinum in the United States. Although you might equate platinum with jewelry according to Stillwater's website, platinum is used in diverse applications including auto catalysts, fuel cells, hydrogen purification, electronics, dentistry, medicine, water treatment, coinage and other uses.
Here are some more particulars:
Stillwater Mining (SWC)
-Based in Billings, MT
-Sector: Basic Services
-Industry: Metal Mining
-Market Cap: $451 million
-52 Week Low $1.76
-52 Week High $18.90
-Down about 71% since this time last year
What makes Stillwater a rising star?
This was a company that once had a $2 billion market cap and it’s now around $500 million, explains Tim Seymour. And that’s largely due to the decline in the price of platinum.
If you believe the global auto trade remains in tact than the price of platinum should recover. Yes, the stock has already run but it looks to me like it’s about to break out.