Silver Bow Mining (NYSEAMERICAN:SBMT) Announces Quarterly Earnings Results

Silver Bow Mining (NYSEAMERICAN:SBMT) issued its earnings results on Thursday. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.22), FiscalAI reports.

Silver Bow Mining Stock Performance

NYSEAMERICAN:SBMT traded up $0.15 during trading hours on Thursday, hitting $6.27. The company’s stock had a trading volume of 260,325 shares, compared to its average volume of 131,229. The stock has a fifty day simple moving average of $7.36. The company has a quick ratio of 26.95, a current ratio of 26.95 and a debt-to-equity ratio of 0.04. Silver Bow Mining has a twelve month low of $5.19 and a twelve month high of $11.23.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Roth Capital reiterated a “buy” rating and set a $15.00 price target on shares of Silver Bow Mining in a research report on Thursday, October 1st. Zacks Research upgraded shares of Silver Bow Mining to a “hold” rating in a research report on Wednesday, September 23rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.40.

Silver Bow Mining Company Profile

Silver Bow Mining is a mineral exploration and development company focused on the Sierra Mojada project in Coahuila, Mexico. The project contains silver, zinc and lead mineralization, and the company is working to advance its evaluation and development. The company was previously known as Silver Bull Resources. Silver Bow Mining is an exploration-stage company; it is not a producing mining company.