Stillwater Mining Company (SWC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Stillwater Mining Company (SWC) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.00. The company posted revenue of $165.68 million in the period, compared to analysts expectations of $154.38 million. The company’s revenue was down -10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.23 EPS.

Many Wall Street Analysts have commented on Stillwater Mining Company. Company shares were Reiterated by FBR Capital on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $13 .Stillwater Mining Company was Resumed by BofA/Merrill to “Buy” on Jun 9, 2016.

Stillwater Mining Company opened for trading at $13.99 and hit $14.28 on the upside on Thursday, eventually ending the session at $14.24, with a gain of 2.37% or 0.33 points. The heightened volatility saw the trading volume jump to 23,27,133 shares. Company has a market cap of $1,724 M.

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.

Stillwater Mining Company

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