Stillwater Mining Co. (NYSE:SWC) Receives Average Rating of “Hold” from Analysts
Shares of Stillwater Mining Co. (NYSE:SWC) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.73.
SWC has been the subject of a number of research analyst reports. FBR & Co upped their target price on shares of Stillwater Mining from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. 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. 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. Zacks Investment Research raised shares of Stillwater Mining from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Thursday, July 7th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $16.00 price target (up from $11.00) on shares of Stillwater Mining in a research report on Monday, August 1st.
Stillwater Mining (NYSE:SWC) traded up 2.20% during midday trading on Monday, reaching $12.06. The company had a trading volume of 844,101 shares. The stock’s 50 day moving average price is $12.75 and its 200-day moving average price is $11.98. Stillwater Mining has a one year low of $4.99 and a one year high of $15.91. The firm’s market capitalization is $1.46 billion.
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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 earned $165.68 million during the quarter, compared to analyst estimates of $157.35 million. Stillwater Mining had a negative net margin of 2.59% and a negative return on equity of 1.83%. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) EPS. On average, equities research analysts anticipate that Stillwater Mining will post $0.02 earnings per share for the current year.
Several large investors have recently modified their holdings of SWC. Tower Research Capital LLC TRC boosted its stake in shares of Stillwater Mining by 310.9% in the second quarter. Tower Research Capital LLC TRC now owns 13,538 shares of the mining company’s stock worth $160,000 after buying an additional 10,243 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new stake in shares of Stillwater Mining during the second quarter worth about $171,000. Amalgamated Bank boosted its stake in shares of Stillwater Mining by 12.8% in the second quarter. Amalgamated Bank now owns 14,538 shares of the mining company’s stock worth $221,000 after buying an additional 1,650 shares during the last quarter. PineBridge Investments L.P. boosted its stake in shares of Stillwater Mining by 3.8% in the second quarter. PineBridge Investments L.P. now owns 15,354 shares of the mining company’s stock worth $182,000 after buying an additional 564 shares during the last quarter. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Stillwater Mining during the second quarter worth about $186,000. 93.17% of the stock is currently owned by institutional investors.
Stillwater Mining Company Profile
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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