Shares of Stillwater Mining Co. (NYSE:SWC) shot up 2.6% during mid-day trading on Thursday . The stock traded as high as $12.99 and last traded at $12.98, with a volume of 2,193,698 shares changing hands. The stock had previously closed at $12.65.

Several brokerages recently commented on SWC. RBC Capital Markets reiterated a “sector perform” rating and set a $16.00 price target (up from $11.00) on shares of Stillwater Mining in a report on Monday, August 1st. Zacks Investment Research downgraded shares of Stillwater Mining from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. FBR & Co upped their price target on shares of Stillwater Mining from $13.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, July 20th. Royal Bank Of Canada upped their price target on shares of Stillwater Mining from $11.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, August 1st. Finally, BMO Capital Markets set a $17.00 price target on shares of Stillwater Mining and gave the company a “buy” rating in a report on Monday, August 1st. One equities 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 company’s stock. Stillwater Mining currently has a consensus rating of “Hold” and a consensus target price of $14.39.

The company has a 50-day moving average price of $13.98 and a 200 day moving average price of $11.35. The company’s market cap is $1.58 billion.

Stillwater Mining (NYSE:SWC) last posted 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. The business earned $165.68 million during the quarter, compared to analysts’ expectations of $157.35 million. The business’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) earnings per share. Analysts anticipate that Stillwater Mining Co. will post ($0.01) earnings per share 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.