Stillwater Mining Co. (SWC) Shares Up 2.6%
Stillwater Mining Co. (NYSE:SWC) shares shot up 2.6% during mid-day trading on Thursday . The company traded as high as $12.99 and last traded at $12.98, with a volume of 2,193,698 shares trading hands. The stock had previously closed at $12.65.
A number of research firms recently issued reports on SWC. RBC Capital Markets reiterated a “sector perform” rating and issued a $16.00 target price (up from $11.00) on shares of Stillwater Mining in a report on Monday, August 1st. FBR & Co lifted their price target on Stillwater Mining from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Royal Bank Of Canada lifted their price target on Stillwater Mining from $11.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 1st. BMO Capital Markets set a $17.00 price target on Stillwater Mining and gave the stock a “buy” rating in a report on Monday, August 1st. Finally, Zacks Investment Research downgraded Stillwater Mining from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Stillwater Mining has a consensus rating of “Hold” and an average price target of $14.39.
The stock’s market cap is $1.57 billion. The company has a 50 day moving average price of $13.99 and a 200-day moving average price of $11.33.
Stillwater Mining (NYSE:SWC) last released its quarterly earnings data on Friday, July 29th. The mining company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $165.68 million for the quarter, compared to analyst estimates of $157.35 million. The company’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.23) earnings per share. On average, equities analysts forecast that Stillwater Mining Co. will post ($0.01) EPS for the current fiscal year.
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.