RBC Capital (RY) Analysts Downgrade Stillwater Mining (SWC) Shares to "Sector Perform"
Wednesday, July 13, 2011 6:11 PM

Equities research analysts at RBC Capital (NYSE: RY) downgraded shares of Stillwater Mining (NYSE: SWC) from an "outperform" rating to a "sector perform" rating in a research note to investors on Wednesday.

Separately, analysts at Zacks Investment Research upgraded shares of Stillwater Mining from an "underperform" rating to a "neutral" rating in a research note to investors on Wednesday, May 11st.

Shares of Stillwater Mining traded down 0.05% during mid-day trading on Thursday, hitting $18.19. Stillwater Mining has a 52 week low of $12.09 and a 52 week high of $25.90. The stock's 50-day moving average is $20.16 and its 200-day moving average is $21.47. The company has a market cap of $1.874 billion and a price-to-earnings ratio of 25.14.

Stillwater Mining last announced its quarterly results on Tuesday, May 3rd. The company reported $0.34 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.36 EPS by $0.02. The company’s quarterly revenue was up 27.40% on a year-over-year basis. On average, analysts predict that Stillwater Mining will post $0.51 EPS next quarter.

Stillwater Mining Company is engaged in the development, extraction, processing, refining and marketing of palladium, platinum and associated metals (platinum group metals (PGMs)) from a geological formation in south central Montana known as the J-M Reef and from the recycling of spent catalytic converters. The Company conducts mining operations at the Stillwater Mine near Nye, Montana and at the East Boulder Mine near Big Timber, Montana. Ore extraction at both mines takes place within the J-M Reef. The Company operates a smelter and base metal refinery at Columbus, Montana, which improve the mined concentrates into a PGM-rich filter cake. Besides processing mine concentrates, the Company also recycles spent catalyst material at the smelter and base metal refinery to recover the contained PGMs palladium, platinum and rhodium. In December 2010, the Company acquired Marathon PGM Corporation.

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