Stillwater Mining Company (SWC) Announces Quarterly Results
Stillwater Mining Company (NYSE:SWC) issued its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14, AnalystRatingsNetwork.com reports. The company had revenue of $249.90 million for the quarter, compared to the consensus estimate of $271.20 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis.
A number of research firms have recently commented on SWC. Analysts at Zacks downgraded shares of Stillwater Mining Company from an “outperform” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $20.00 price target on the stock. On the ratings front, analysts at BB&T Corp. raised their price target on shares of Stillwater Mining Company from $20.00 to $22.00 in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, Stillwater Mining Company currently has a consensus rating of “Hold” and an average price target of $19.60.
Shares of Stillwater Mining Company (NYSE:SWC) opened at 19.23 on Thursday. Stillwater Mining Company has a 52 week low of $10.42 and a 52 week high of $19.42. The stock has a 50-day moving average of $17.91 and a 200-day moving average of $15.61. The company’s market cap is $2.304 billion.
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.
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