Stillwater Mining Co. (NYSE:SWC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $16.00 target price on the mining company’s stock. Zacks Investment Research’s price objective indicates a potential upside of 7.31% from the company’s previous close.

According to Zacks, “Stillwater Mining Company is engaged in the exploration, development, mining and production of platinum, palladium and associated metals from the Stillwater Complex in southern Montana, which the company believes is the only significant primary source of platinum and palladium outside the Republic of South Africa. The Stillwater Complex includes an extensive mineralized zone containing platinum group metals known as the J-M Reef The Stillwater Complex has been prospected for gold, copper, nickel and chromium. “

A number of other brokerages have also weighed in on SWC. 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. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $16.00 target price (up from $11.00) on shares of Stillwater Mining in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.02.

Analyst Recommendations for Stillwater Mining (NYSE:SWC)

Stillwater Mining (NYSE:SWC) opened at 14.91 on Tuesday. The stock has a 50 day moving average price of $12.75 and a 200-day moving average price of $12.30. Stillwater Mining has a 1-year low of $4.99 and a 1-year high of $15.91. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 229.38 and a beta of 1.66.

Stillwater Mining (NYSE:SWC) last announced its earnings results on Friday, October 28th. The mining company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.08. The firm earned $196.61 million during the quarter, compared to analyst estimates of $175 million. Stillwater Mining had a net margin of 1.18% and a return on equity of 0.87%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) EPS. Equities analysts predict that Stillwater Mining will post $0.10 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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. Chartwell Investment Partners LLC purchased a new stake in shares of Stillwater Mining during the second quarter valued at about $3,063,000. Finally, Aperio Group LLC increased its stake in shares of Stillwater Mining by 5.3% in the first quarter. Aperio Group LLC now owns 25,355 shares of the mining company’s stock valued at $270,000 after buying an additional 1,270 shares during the period. Institutional investors and hedge funds own 90.21% of the company’s stock.

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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