State Board of Administration of Florida Retirement System lowered its stake in shares of Stillwater Mining Co. (NYSE:SWC) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 106,744 shares of the mining company’s stock after selling 615 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of Stillwater Mining worth $1,266,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in Stillwater Mining by 18.4% in the first quarter. Legal & General Group Plc now owns 30,501 shares of the mining company’s stock valued at $327,000 after buying an additional 4,749 shares during the period. AMP Capital Investors Ltd bought a new stake in shares of Stillwater Mining during the first quarter valued at $508,000. Renaissance Technologies LLC boosted its stake in shares of Stillwater Mining by 15.3% in the first quarter. Renaissance Technologies LLC now owns 1,252,700 shares of the mining company’s stock valued at $13,341,000 after buying an additional 166,000 shares in the last quarter. State Street Corp boosted its stake in shares of Stillwater Mining by 22.6% in the first quarter. State Street Corp now owns 4,363,737 shares of the mining company’s stock valued at $46,474,000 after buying an additional 805,843 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Stillwater Mining by 95.4% in the first quarter. Canada Pension Plan Investment Board now owns 445,800 shares of the mining company’s stock valued at $4,748,000 after buying an additional 217,600 shares in the last quarter. 93.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of Stillwater Mining Co. (NYSE:SWC) traded up 0.89% on Tuesday, reaching $12.51. 859,162 shares of the company’s stock were exchanged. Stillwater Mining Co. has a one year low of $4.99 and a one year high of $15.91. The firm’s market cap is $1.51 billion. The company has a 50 day moving average price of $13.74 and a 200 day moving average price of $11.76.

Stillwater Mining (NYSE:SWC) last announced its earnings results on Friday, July 29th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $165.68 million for the quarter, compared to analysts’ expectations of $157.35 million. Stillwater Mining had a negative return on equity of 1.83% and a negative net margin of 2.59%. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period last year, the firm posted ($0.23) earnings per share.

Several equities research analysts have recently weighed in on the company. FBR & Co upped their price target on Stillwater Mining from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. BMO Capital Markets set a $17.00 price target on Stillwater Mining and gave the company a “buy” rating in a research report on Monday, August 1st. Bank of America Corp. reiterated a “buy” rating on shares of Stillwater Mining in a research report on Thursday, June 9th. Zacks Investment Research upgraded Stillwater Mining from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, September 8th. Finally, Royal Bank Of Canada upped their price target on Stillwater Mining from $11.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.73.

Stillwater Mining Company Profile

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.

5 Day Chart for NYSE:SWC

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