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

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

Several other research analysts have also recently issued reports on the stock. Roth Capital began coverage on shares of Silver Bow Mining in a report on Tuesday. They set a “buy” rating and a $11.00 target price on the stock. Cantor Fitzgerald initiated coverage on shares of Silver Bow Mining in a report on Thursday, May 28th. They issued a “speculative buy” rating and a $19.80 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Silver Bow Mining currently has an average rating of “Moderate Buy” and a consensus target price of $15.40.

Silver Bow Mining Stock Down 2.3%

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

Silver Bow Mining (NYSEAMERICAN:SBMT) last released its earnings results on Thursday, August 13th. The company reported ($0.18) EPS for the quarter. Research analysts anticipate 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 position in Silver Bow Mining stock. Ninepoint Partners LP bought a new position in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 150,000 shares of the company’s stock, valued at approximately $1,014,000. Ninepoint Partners LP owned 0.51% of Silver Bow Mining as of its most recent SEC filing.

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.