Silver Bow Mining (NYSEAMERICAN:SBMT) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Silver Bow Mining (NYSEAMERICAN:SBMT) to a hold rating in a research report sent to investors on Wednesday morning,Zacks reports.

A number of other analysts have also commented on SBMT. Roth Capital began coverage on shares of Silver Bow Mining in a research report on Tuesday. They issued a “buy” rating and a $11.00 price objective on the stock. Cantor Fitzgerald started coverage on Silver Bow Mining in a research report on Thursday, May 28th. They set a “speculative buy” rating and a $19.80 price target on the stock. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.40.

Silver Bow Mining Stock Performance

Shares of Silver Bow Mining stock opened at $8.05 on Wednesday. The company has a quick ratio of 26.95, a current ratio of 26.95 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $7.65. Silver Bow Mining has a 1 year low of $5.75 and a 1 year high of $11.23.

Silver Bow Mining (NYSEAMERICAN:SBMT) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.18) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Silver Bow Mining will post -0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Silver Bow Mining stock. Ninepoint Partners LP purchased a new stake in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,014,000. Ninepoint Partners LP owned 0.51% of Silver Bow Mining at the end of the most recent quarter.

Silver Bow Mining Company Profile

Silver Bow Mining Corp. is a mineral exploration company focused on identifying, acquiring and evaluating properties that may contain economically significant mineral deposits. Its activities are centered on early-stage exploration rather than the production or sale of refined metals.

The company’s exploration interests may include precious and base metals, such as gold, silver, copper, lead and zinc. Typical activities include geological research, surveying, sampling, drilling and assessing the potential development of mineral properties.

Publicly available information about Silver Bow Mining’s specific properties, operating geographies and leadership is limited.