Shares of Stillwater Mining Co. (NYSE:SWC) gapped up prior to trading on Wednesday . The stock had previously closed at $12.39, but opened at $12.51. Stillwater Mining shares last traded at $12.80, with a volume of 878,644 shares.

Several analysts have recently issued reports on SWC shares. Bank of America Corp. reiterated a “buy” rating on shares of Stillwater Mining in a research note on Thursday, June 9th. Zacks Investment Research upgraded shares of Stillwater Mining from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, July 7th. FBR & Co upped their target price on shares of Stillwater Mining from $13.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 20th. Royal Bank Of Canada upped their target price on shares of Stillwater Mining from $11.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, August 1st. Finally, BMO Capital Markets set a $17.00 target price on shares of Stillwater Mining and gave the stock a “buy” rating in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.73.

The firm has a 50-day moving average price of $13.59 and a 200 day moving average price of $11.79. The firm’s market capitalization is $1.60 billion.

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Stillwater Mining (NYSE:SWC) last posted its quarterly 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 firm earned $165.68 million during the quarter, compared to analyst estimates of $157.35 million. Stillwater Mining had a negative return on equity of 1.83% and a negative net margin of 2.59%. Stillwater Mining’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.23) EPS.

Several institutional investors have recently bought and sold shares of SWC. Vanguard Group Inc. raised its position in Stillwater Mining by 2.4% in the second quarter. Vanguard Group Inc. now owns 9,806,251 shares of the mining company’s stock valued at $116,302,000 after buying an additional 228,653 shares in the last quarter. Contrarius Investment Management Ltd raised its position in Stillwater Mining by 32.0% in the first quarter. Contrarius Investment Management Ltd now owns 8,010,223 shares of the mining company’s stock valued at $85,309,000 after buying an additional 1,943,871 shares in the last quarter. Franklin Resources Inc. raised its position in Stillwater Mining by 1.4% in the second quarter. Franklin Resources Inc. now owns 7,793,301 shares of the mining company’s stock valued at $92,429,000 after buying an additional 110,279 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Stillwater Mining by 32.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,708,565 shares of the mining company’s stock valued at $79,559,000 after buying an additional 1,633,353 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Stillwater Mining by 8.8% in the second quarter. Capital Research Global Investors now owns 6,380,000 shares of the mining company’s stock valued at $75,667,000 after buying an additional 515,000 shares in the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:SWC

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