Brokerages Set Stillwater Mining Co. (SWC) Target Price at $14.73
Stillwater Mining Co. (NYSE:SWC) has received an average recommendation of “Hold” from the ten analysts that are presently covering the firm. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.69.
A number of equities research analysts have weighed in on SWC shares. FBR & Co lifted their price objective on Stillwater Mining from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, August 8th. BMO Capital Markets set a $17.00 price objective on Stillwater Mining and gave the company a “buy” rating in a report on Monday, August 1st. Royal Bank Of Canada lifted their price objective on Stillwater Mining from $11.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, August 1st. Zacks Investment Research raised Stillwater Mining from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Thursday, July 7th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $16.00 price objective (up from $11.00) on shares of Stillwater Mining in a report on Monday, August 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its position in 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 period. State Street Corp boosted its position in 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 period. BlackRock Group LTD boosted its position in 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 period. Norges Bank bought a new position in Stillwater Mining during the fourth quarter valued at $8,011,000. Finally, Chartwell Investment Partners LLC bought a new position in Stillwater Mining during the second quarter valued at $3,063,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.
Stillwater Mining (NYSE:SWC) opened at 11.71 on Monday. Stillwater Mining has a 52 week low of $4.99 and a 52 week high of $15.91. The company’s market capitalization is $1.42 billion. The firm’s 50-day moving average price is $12.61 and its 200-day moving average price is $12.02.
Stillwater Mining (NYSE:SWC) last released its quarterly earnings data on Friday, July 29th. The mining company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $165.68 million for the quarter, compared to the consensus estimate of $157.35 million. Stillwater Mining had a negative return on equity of 1.83% and a negative net margin of 2.59%. The company’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.23) earnings per share. On average, equities analysts expect that Stillwater Mining will post $0.02 earnings per share for the current year.
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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