Stillwater Mining Company (SWC) was Resumed by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Jun 9, 2016.
On the company’s financial health, Stillwater Mining Company reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 6, 2016. Analyst had a consensus of $-0.06. The company had revenue of $133.63 million for the quarter, 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.
Stillwater Mining Company closed down -0.06 points or -0.55% at $10.78 with 8,79,699 shares getting traded on Tuesday. Post opening the session at $10.64, the shares hit an intraday low of $10.64 and an intraday high of $11.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.