Stillwater Mining Co. (NYSE:SWC) shares reached a new 52-week high on Wednesday . The stock traded as high as $14.00 and last traded at $13.67, with a volume of 854,006 shares traded. The stock had previously closed at $13.44.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Stillwater Mining from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, April 26th. Bank of America Corp. reissued a “buy” rating on shares of Stillwater Mining in a research note on Thursday, June 9th. Finally, FBR & Co increased their target price on Stillwater Mining from $13.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.96.

The stock’s 50 day moving average is $11.99 and its 200-day moving average is $9.93. The firm’s market capitalization is $1.81 billion.

Stillwater Mining (NYSE:SWC) last issued its quarterly earnings results on Friday, July 29th. The mining company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. During the same quarter in the prior year, the business earned ($0.23) EPS. The business had revenue of $165.68 million for the quarter, compared to analysts’ expectations of $157.35 million. The company’s revenue was down 10.6% compared to the same quarter last year. Equities research analysts anticipate that Stillwater Mining Co. will post ($0.03) EPS for the current year.

Other hedge funds and institutional investors have modified their holdings of the company. State of Tennessee Treasury Department boosted 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 valued at $2,656,000 after buying an additional 93,700 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $6,964,000 after buying an additional 35,885 shares in the last quarter. California Public Employees Retirement System boosted 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 valued at $2,714,000 after buying an additional 25,500 shares in the last quarter. Rhumbline Advisers boosted 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 valued at $1,660,000 after buying an additional 10,685 shares in the last quarter. Finally, California State Teachers Retirement System boosted 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 valued at $1,916,000 after buying an additional 3,492 shares in the last quarter.

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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