Stillwater Mining Co. (SWC) Trading 5.8% Higher
Shares of Stillwater Mining Co. (NYSE:SWC) traded up 5.8% on Thursday . The stock traded as high as $13.54 and last traded at $13.37, with a volume of 1,983,550 shares traded. The stock had previously closed at $12.64.
Several brokerages recently commented on SWC. FBR & Co boosted their price target on Stillwater Mining from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $16.00 price target (up previously from $11.00) on shares of Stillwater Mining in a research note 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 note on Monday, August 1st. Royal Bank Of Canada boosted their price target on Stillwater Mining from $11.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 1st. Finally, Zacks Investment Research lowered Stillwater Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Stillwater Mining presently has an average rating of “Hold” and a consensus target price of $14.39.
The firm has a 50 day moving average price of $13.96 and a 200-day moving average price of $11.10. The stock’s market capitalization is $1.63 billion.
Stillwater Mining (NYSE:SWC) last announced its earnings results on Friday, July 29th. The mining company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $165.68 million for the quarter, compared to the consensus estimate of $157.35 million. Stillwater Mining’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) EPS. Analysts forecast that Stillwater Mining Co. will post ($0.01) EPS for the current year.
An institutional investor recently raised its position in Stillwater Mining stock. RS Investment Management Co. LLC increased its position in Stillwater Mining Co. (NYSE:SWC) by 63,303.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.67% of Stillwater Mining worth $6,901,000 at the end of the most recent reporting period.
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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