Ninepoint Partners LP Takes Position in Silver Bow Mining Corp. $SBMT

Key Points

• Ninepoint Partners purchased 150,000 Silver Bow Mining shares worth approximately $1.014 million, giving it a 0.51% stake in the company.
• Cantor Fitzgerald initiated coverage with a “speculative buy” rating and a $19.80 price target; the stock currently has a consensus “Buy” rating and $19.80 target.
• Insider buying has continued, including CFO Wade Newton Black’s purchase of 5,000 shares at $8.50 each. Silver Bow reported a quarterly loss of $0.18 per share, while its stock recently opened at $7.95.

Ninepoint Partners LP purchased a new position in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on Silver Bow Mining in a report on Thursday, May 28th. They issued a "speculative buy" rating and a $19.80 target price on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $19.80.

Insider Buying and Selling

In other Silver Bow Mining news, CFO Wade Newton Black acquired 5,000 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $8.50 per share, with a total value of $42,500.00. Following the completion of the transaction, the chief financial officer owned 7,500 shares in the company, valued at approximately $63,750. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 10,000 shares of company stock worth $90,825 in the last 90 days.

Silver Bow Mining Stock Performance

Silver Bow Mining stock opened at $7.95 on Friday. Silver Bow Mining Corp. has a fifty-two week low of $5.75 and a fifty-two week 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. The stock's 50-day moving average price is $7.15.

Silver Bow Mining (NYSEAMERICAN:SBMT - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.18) EPS for the quarter.

Silver Bow Mining Profile

Silver Bow Mining Corporation (NYSE American: SBMT) is a mineral exploration and development company focused on acquiring, exploring and advancing mineral properties. The company concentrates on precious and base metals, with an emphasis on commodities commonly produced by hard-rock mining such as copper, silver and gold. Its activities encompass early-stage exploration through the definition and development of mineral resources.

Silver Bow's work typically includes geological exploration, drilling programs, resource modeling and advancing projects through technical studies and permitting processes necessary for development.

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