Shares of Stillwater Mining Co. (NYSE:SWC) traded down 3.6% on Tuesday . The stock traded as low as $12.82 and last traded at $12.84, with a volume of 604,252 shares traded. The stock had previously closed at $13.32.

Several analysts recently commented on the company. Zacks Investment Research lowered Stillwater Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Bank of America Corp. reaffirmed a “buy” rating on shares of Stillwater Mining in a research note on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.11.

The stock’s 50-day moving average is $11.35 and its 200 day moving average is $9.66. The firm’s market capitalization is $1.55 billion.

Stillwater Mining (NYSE:SWC) last announced its earnings results on Friday, May 6th. The mining company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.02. The firm earned $133.64 million during the quarter, compared to the consensus estimate of $148.84 million. The company’s revenue for the quarter was down 33.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. Analysts expect that Stillwater Mining Co. will post ($0.04) earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. State of Tennessee Treasury Department raised its position in shares of Stillwater Mining by 43.3% in the fourth quarter. State of Tennessee Treasury Department now owns 309,957 shares of the mining company’s stock worth $2,656,000 after buying an additional 93,700 shares during the period. Principal Financial Group Inc. raised its position in shares of Stillwater Mining by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 812,670 shares of the mining company’s stock worth $6,964,000 after buying an additional 35,885 shares during the period. California Public Employees Retirement System raised its position in shares of Stillwater Mining by 8.8% in the fourth quarter. California Public Employees Retirement System now owns 316,700 shares of the mining company’s stock worth $2,714,000 after buying an additional 25,500 shares during the period. Rhumbline Advisers raised its position in shares of Stillwater Mining by 5.8% in the fourth quarter. Rhumbline Advisers now owns 193,644 shares of the mining company’s stock worth $1,660,000 after buying an additional 10,685 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Stillwater Mining by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 223,624 shares of the mining company’s stock worth $1,916,000 after buying an additional 3,492 shares during the period.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals or PGMs) produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources.

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