Silver Bow Mining (NYSEAMERICAN:SBMT) Announces Quarterly Earnings Results, Misses Expectations By $0.22 EPS

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

Silver Bow Mining Stock Down 3.2%

Shares of NYSEAMERICAN SBMT traded down $0.20 during midday trading on Friday, reaching $6.07. 23,356 shares of the stock traded hands, compared to its average volume of 130,407. The stock has a 50 day moving average of $7.32. Silver Bow Mining has a one year low of $5.19 and a one year high of $11.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 26.95 and a current ratio of 26.95.

Analyst Upgrades and Downgrades

SBMT has been the subject of several recent research reports. Roth Capital reiterated a “buy” rating and set a $15.00 price target on shares of Silver Bow Mining in a report on Thursday, October 1st. Zacks Research raised Silver Bow Mining to a “hold” rating in a research note on Wednesday, September 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Silver Bow Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

Institutional Investors Weigh In On Silver Bow Mining

A hedge fund recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP purchased a new position in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (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.

About Silver Bow Mining

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.