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

Key Points

• Zacks Research upgraded Silver Bow Mining to “Hold.” Despite the downgrade in enthusiasm, the stock has an overall “Moderate Buy” consensus rating, with a $15.40 average price target.
• Shares opened at $8.05, compared with a 12-month range of $5.75 to $11.23. The company reported a quarterly loss of $0.18 per share, and analysts expect a full-year loss of $0.71 per share.
• Institutional interest increased as Ninepoint Partners bought 150,000 shares, valued at approximately $1.014 million, representing a 0.51% stake in Silver Bow Mining.

Silver Bow Mining (NYSEAMERICAN:SBMT - Get Free Report) was upgraded by Zacks Research to a "hold" rating in a note issued to investors on Wednesday, Zacks reports.

A number of other brokerages have also recently commented on SBMT. Cantor Fitzgerald assumed coverage on shares of Silver Bow Mining in a report on Thursday, May 28th. They issued a "speculative buy" rating and a $19.80 target price for the company. Roth Capital assumed coverage on Silver Bow Mining in a report on Tuesday. They set a "buy" rating and a $11.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.40.

Silver Bow Mining Stock Performance

Shares of SBMT opened at $8.05 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 26.95 and a current ratio of 26.95. The business's 50 day simple moving average is $7.65. Silver Bow Mining has a 12-month low of $5.75 and a 12-month high of $11.23.

Silver Bow Mining (NYSEAMERICAN:SBMT - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.18) EPS for the quarter. As a group, analysts expect that Silver Bow Mining will post -0.71 earnings per share for the current year.

Hedge Funds Weigh In On Silver Bow Mining

A hedge fund recently bought a new position in Silver Bow Mining stock. Ninepoint Partners LP bought a new position in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

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.

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