Silver Bow Mining (NYSEAMERICAN:SBMT) Upgraded to “Hold” at Zacks Research

Silver Bow Mining (NYSEAMERICAN:SBMT) was upgraded by analysts at Zacks Research to a “hold” rating in a report issued on Wednesday, Zacks reports.

Other equities analysts have also recently issued reports about the stock. Roth Capital started coverage on shares of Silver Bow Mining in a research note on Tuesday. They set a “buy” rating and a $11.00 price target on the stock. Cantor Fitzgerald started coverage on shares of Silver Bow Mining in a report on Thursday, May 28th. They set a “speculative buy” rating and a $19.80 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.40.

Silver Bow Mining Price Performance

SBMT 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. Silver Bow Mining has a 12 month low of $5.75 and a 12 month high of $11.23. The company has a 50 day simple moving average of $7.65.

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

Institutional Trading of Silver Bow Mining

An institutional investor recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP purchased a new position in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

About Silver Bow Mining

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.