Stillwater Mining Company Sees Large Growth in Short Interest (SWC)
Stillwater Mining Company (NYSE:SWC) saw a large growth in short interest in the month of May. As of May 30th, there was short interest totalling 21,206,884 shares, a growth of 11.4% from the May 15th total of 19,038,977 shares, Stock Ratings Network.com reports. Based on an average trading volume of 2,755,085 shares, the days-to-cover ratio is presently 7.7 days. Approximately 18.0% of the shares of the company are sold short.
A number of research firms have recently commented on SWC. Analysts at BB&T Corp. raised their price target on shares of Stillwater Mining Company from $18.00 to $20.00 in a research note on Friday, May 16th. Separately, analysts at RBC Capital raised their price target on shares of Stillwater Mining Company from $15.00 to $17.00 in a research note on Friday, May 2nd. Finally, analysts at CIC Securities cut their price target on shares of Stillwater Mining Company from $20.00 to $19.00 in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $18.54.
Shares of Stillwater Mining Company (NYSE:SWC) opened at 17.10 on Monday. Stillwater Mining Company has a 1-year low of $9.78 and a 1-year high of $18.00. The stock’s 50-day moving average is $16.55 and its 200-day moving average is $14.37. The company’s market cap is $2.049 billion.
Stillwater Mining Company (NYSE:SWC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.05. The company had revenue of $219.50 million for the quarter, compared to the consensus estimate of $241.60 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts predict that Stillwater Mining Company will post $0.58 earnings per share for the current fiscal year.
Stillwater Mining Company is engaged in the development, extraction, processing, smelting, refining and marketing of palladium, platinum and associated metals (NYSE:SWC)) from a geological formation in south-central Montana, the J-M Reef, and from the recycling of spent catalytic converters.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.