Shares of Stillwater Mining Co. (NYSE:SWC) have received a consensus rating of “Hold” from the ten brokerages that are covering the firm. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.69.
Several brokerages have recently weighed in on SWC. RBC Capital Markets reissued 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. FBR & Co increased their price target on Stillwater Mining from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Royal Bank Of Canada increased 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. 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. Finally, Zacks Investment Research upgraded Stillwater Mining from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, September 8th.
Stillwater Mining (NYSE:SWC) opened at 11.81 on Monday. Stillwater Mining has a 52-week low of $4.99 and a 52-week high of $15.91. The firm’s market cap is $1.43 billion. The firm’s 50 day moving average price is $12.50 and its 200 day moving average price is $12.02.
Stillwater Mining (NYSE:SWC) last issued its quarterly earnings results on Friday, July 29th. The mining company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company earned $165.68 million during 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 quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Equities research analysts anticipate that Stillwater Mining will post $0.02 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its position in shares of Stillwater Mining by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,939,095 shares of the mining company’s stock valued at $31,301,000 after buying an additional 15,741 shares during the last quarter. State Street Corp raised its position 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 during the last quarter. BlackRock Group LTD raised its position in shares of Stillwater Mining by 10.4% in the first quarter. BlackRock Group LTD now owns 150,941 shares of the mining company’s stock valued at $1,607,000 after buying an additional 14,242 shares during the last quarter. Norges Bank purchased a new position in shares of Stillwater Mining during the fourth quarter valued at about $8,011,000. Finally, Chartwell Investment Partners LLC purchased a new position in shares of Stillwater Mining during the second quarter valued at about $3,063,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
About Stillwater Mining
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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