Shares of Stillwater Mining Co. (NYSE:SWC) dropped 3.8% during mid-day trading on Friday . The stock traded as low as $12.62 and last traded at $12.97, with a volume of 1,969,423 shares traded. The stock had previously closed at $13.48.

Several brokerages recently weighed in on SWC. BMO Capital Markets set a $17.00 price objective on Stillwater Mining and gave the stock a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research upgraded Stillwater Mining from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, July 7th. Bank of America Corp. restated a “buy” rating on shares of Stillwater Mining in a research report on Thursday, June 9th. FBR & Co upped their price objective on Stillwater Mining from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Finally, RBC Capital Markets restated a “sector perform” rating and set a $16.00 price objective (up from $11.00) on shares of Stillwater Mining in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $14.39.

The company’s 50-day moving average is $13.99 and its 200-day moving average is $11.12. The stock’s market capitalization is $1.56 billion.

Stillwater Mining (NYSE:SWC) last issued its earnings results on Friday, July 29th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm earned $165.68 million during the quarter, compared to the consensus estimate of $157.35 million. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. Analysts anticipate that Stillwater Mining Co. will post $0.04 EPS for the current fiscal year.

An institutional investor recently raised its position in Stillwater Mining stock. RS Investment Management Co. LLC increased its stake in shares of Stillwater Mining Co. (NYSE:SWC) by 63,303.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 805,220 shares of the mining company’s stock after buying an additional 803,950 shares during the period. RS Investment Management Co. LLC owned about 0.67% of Stillwater Mining worth $6,901,000 as of its most recent SEC filing.

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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