SWC Stillwater Mining Company Sets New 52-Week High After Analyst Upgrade (SWC)
May 19th, 2014
Stillwater Mining Company (NYSE:SWC) reached a new 52-week high during trading on Monday after BB&T Corp. raised their price target on the stock from $18.00 to $20.00, Stock Ratings News reports. The company traded as high as $16.94 and last traded at $16.80, with a volume of 2,513,747 shares traded. The stock had previously closed at $16.29.
SWC has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Stillwater Mining Company from $15.00 to $17.00 in a research note on Friday, May 2nd. Separately, analysts at CIC Securities cut their price target on shares of Stillwater Mining Company from $20.00 to $19.00 in a research note on Tuesday, April 8th. Finally, analysts at Zacks downgraded shares of Stillwater Mining Company from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. They now have a $16.70 price target on the stock. Two analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $18.54.
The stock’s 50-day moving average is $15.54 and its 200-day moving average is $13.35. The company’s market cap is $2.010 billion.
Stillwater Mining Company (NYSE:SWC) last announced its earnings results on Thursday, May 1st. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.05. The company had revenue of $219.50 million for the quarter, compared to the consensus estimate of $241.60 million. During the same quarter last year, the company posted $0.12 earnings per share. Stillwater Mining Company’s revenue was down 12.4% compared to the same quarter last year. On average, analysts predict that Stillwater Mining Company will post $0.56 earnings per share for the current fiscal year.
Stillwater Mining Company is engaged in the development, extraction, processing, smelting, refining and marketing of palladium, platinum and associated metals (NYSE:SWC)) from a geological formation in south-central Montana, the J-M Reef, and from the recycling of spent catalytic converters. http://www.americanbankingnews.com/2014/05/19/stillwater-mining-company-sets-new-52-week-high-after-analyst-upgrade-swc/