Stillwater Mining Co. (NYSE:SWC)’s share price dropped 2.4% during mid-day trading on Friday . The stock traded as low as $14.67 and last traded at $14.81, with a volume of 1,031,955 shares changing hands. The stock had previously closed at $15.18.

SWC has been the topic of several recent analyst reports. FBR & Co lifted their price target on Stillwater Mining from $13.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, July 20th. BMO Capital Markets set a $17.00 price target on Stillwater Mining and gave the company a “buy” rating in a research note on Monday, August 1st. Royal Bank Of Canada lifted their price target on Stillwater Mining from $11.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 1st. Zacks Investment Research upgraded Stillwater Mining from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Friday, May 20th. Finally, Bank of America Corp. reiterated 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, six have issued a hold rating and four have issued a buy rating to the company’s stock. Stillwater Mining has an average rating of “Hold” and an average target price of $14.39.

The company’s market cap is $1.79 billion. The company’s 50 day moving average price is $13.41 and its 200-day moving average price is $10.64.

Stillwater Mining (NYSE:SWC) last posted its quarterly earnings results on Friday, July 29th. The mining company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The company earned $165.68 million during the quarter, compared to the consensus estimate of $157.35 million. During the same period in the previous year, the business earned ($0.23) earnings per share. Stillwater Mining’s revenue was down 10.6% on a year-over-year basis. Equities research analysts expect that Stillwater Mining Co. will post ($0.01) earnings per share for the current fiscal year.

Several institutional investors recently bought and sold shares of the company. Rhumbline Advisers raised its position in 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 last quarter. California Public Employees Retirement System raised its position in 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 last quarter. State of Tennessee Treasury Department raised its position in 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 last quarter. Piermont Capital Management Inc. bought a new position in Stillwater Mining during the fourth quarter worth approximately $1,209,000. Finally, RS Investment Management Co. LLC raised its position in Stillwater Mining by 63,303.1% in the fourth quarter. RS Investment Management Co. LLC now owns 805,220 shares of the mining company’s stock worth $6,901,000 after buying an additional 803,950 shares during the last quarter.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals, such as platinum group metals (PGM) 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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