Stillwater Mining Co. (SWC) Receives $15.02 Consensus Price Target from Analysts
Stillwater Mining Co. (NYSE:SWC) has been given an average rating of “Hold” by the ten analysts that are covering the firm. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.02.
Several research firms have issued reports on SWC. FBR & Co set a $21.00 price objective on Stillwater Mining and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Zacks Investment Research upgraded Stillwater Mining from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, November 1st. RBC Capital Markets restated 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. Royal Bank Of Canada lifted their price objective on Stillwater Mining from $11.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 1st. Finally, BMO Capital Markets set a $17.00 price objective on Stillwater Mining and gave the stock a “buy” rating in a report on Monday, August 1st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWC. BlackRock Institutional Trust Company N.A. raised 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 worth $31,301,000 after buying an additional 15,741 shares in the last quarter. State Street Corp raised 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 worth $46,474,000 after buying an additional 805,843 shares in the last quarter. BlackRock Group LTD raised 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 worth $1,607,000 after buying an additional 14,242 shares in the last quarter. Chartwell Investment Partners LLC bought a new position in Stillwater Mining during the second quarter worth about $3,063,000. Finally, ICM Asset Management Inc. WA raised its position in Stillwater Mining by 19.6% in the second quarter. ICM Asset Management Inc. WA now owns 129,240 shares of the mining company’s stock worth $1,533,000 after buying an additional 21,155 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.
Shares of Stillwater Mining (NYSE:SWC) opened at 14.93 on Monday. The stock’s 50 day moving average price is $13.14 and its 200 day moving average price is $12.43. Stillwater Mining has a 1-year low of $4.99 and a 1-year high of $15.91. The stock has a market cap of $1.81 billion, a PE ratio of 229.69 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 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The business had revenue of $196.61 million for the quarter, compared to the consensus estimate of $175 million. Stillwater Mining had a return on equity of 0.87% and a net margin of 1.18%. The company’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the business posted ($0.10) EPS. On average, equities research analysts anticipate that Stillwater Mining will post $0.10 EPS for the current fiscal 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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