Stillwater Mining Co. (NYSE:SWC) fell 3.8% during 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 research firms recently commented on SWC. RBC Capital Markets reiterated a “sector perform” rating and set a $16.00 target price (up from $11.00) on shares of Stillwater Mining in a research report on Monday, August 1st. FBR & Co boosted their price target on shares of Stillwater Mining from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Royal Bank Of Canada boosted their price target on shares of Stillwater Mining from $11.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 1st. BMO Capital Markets set a $17.00 price target on shares of Stillwater Mining and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Zacks Investment Research downgraded shares of Stillwater Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.39.

The company’s market capitalization is $1.56 billion. The firm’s 50 day moving average is $14.01 and its 200-day moving average is $11.16.

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

A hedge fund recently raised its stake in Stillwater Mining stock. RS Investment Management Co. LLC raised its position in shares of Stillwater Mining Co. (NYSE:SWC) by 63,303.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 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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