Analyst Actions: Stillwater Mining Estimates Lowered At Credit Suisse; Shares Down 2%

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Analysts at Credit Suisse has lowered their earnings estimates for Stillwater Mining Company ( SWC ), while setting a price target of $15 a share and maintaining its Neutral rating on the stock.

"Decent quarter, with lower-than-expected cash costs an incremental positive. However cash costs are expected to step up in 2013, with higher interest costs resulting in EPS cuts," said Credit Suisse. "While SWC shares remain the best way to play a bullish palladium outlook, we see upside beyond $15/share."

The firm lowered its 2013 EPS estimate from $0.47 to $0.37 to reflect higher interest costs, offset by lower exploration expenses and the higher Pd price in Q1. It also lowered its 2014 estimate from $0.62 to $0.41 to reflect higher interest and cash cost estimates.

Shares of SWC are down 1.7% to $13.06 in afternoon trade, amid a 52-week range of $7.47 - $15.23.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: SWC

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