Stillwater Mining , SWC (former PGMS) Message Board

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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS)

SWC 18.00

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May 12 5:00 PM EST

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To: Bob Howarth who wrote (1037)	12/8/1999 4:18:00 PM
From: Pete Mimmack	Read Replies (2) of 1336

RESEARCH ALERT - Stillwater profit estimate raised Reuters Story - December 08, 1999 08:44 NEW YORK, Dec 8 (Reuters) - Merrill Lynch said Wednesday analyst D. Christensen has raised his estimate of Stillwater Mining Co 1999 earnings per share to $0.92 from $0.85. -- Stillwater, the only primary producer of platinum group metals in North America, is expected to increase production to an annual rate of 1.2 million ounces by 2002, from 500,000 ounces this year, the analyst said. -- "We anticipate earnings growth of more than 50 percent during 2000 due to rising production and higher operating margins," he continued, adding platinum and palladium prices have continued to move higher as a result of rising demand for these metals due to increasingly stringent environmental legislation. -- Christensen is raising his intermediate term investment recommendation to a buy from an accumulate. His long-term recommendation remains a buy. -- The consensus expectation, compiled by First Call/Thomson Financial, puts earnings per share at $0.88 this year, $1.41 next year and $2.13 in 2001.

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