Stillwater Mining Company (SWC) reported quarterly earnings results on Friday, May-6-2016. The company reported $-0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.06. The company posted revenue of $133.63 million in the period, compared to analysts expectations of $152.52 million. The company’s revenue was down -33.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Many Wall Street Analysts have commented on Stillwater Mining Company. Stillwater Mining Company was Downgraded by Goldman to ” Neutral” on Feb 24, 2016.
Stillwater Mining Company closed down -0.33 points or -3.00% at $10.67 with 18,55,707 shares getting traded on Wednesday. Post opening the session at $10.8, the shares hit an intraday low of $10.555 and an intraday high of $10.8775 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Stillwater Mining Company is engaged in the development extraction processing smelting and refining of palladium platinum and associated metals (platinum group metals or PGMs) produced by mining a geological formation in south-central Montana the J-M Reef and recycling spent catalytic converters and other industrial sources. The Company is also engaged in expanding its mining operations on the J-M Reef and holds the Marathon PGM-copper property adjacent to Lake Superior in northern Ontario Canada and the Altar copper-gold property in the province of San Juan Argentina. It operates five reportable business segments: Mine Production PGM Recycling Canadian Properties South American Properties and All Other. It conducts mining operations at its Stillwater Mine near Nye Montana and at its East Boulder Mine south of Big Timber Montana.