Silver Bow Mining (NYSEAMERICAN:SBMT) Rating Increased to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Silver Bow Mining (NYSEAMERICAN:SBMT) to a strong-buy rating in a research report released on Tuesday,Zacks reports.

Separately, Cantor Fitzgerald began coverage on Silver Bow Mining in a research note on Thursday, May 28th. They set a “speculative buy” rating and a $19.80 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Buy” and an average target price of $15.40.

Silver Bow Mining Stock Performance

Shares of SBMT opened at $8.53 on Tuesday. The company has a 50 day moving average price of $7.58. 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 has a twelve month low of $5.75 and a twelve month high of $11.23.

Silver Bow Mining (NYSEAMERICAN:SBMT) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.18) earnings per share for the quarter.

Institutional Trading of Silver Bow Mining

A hedge fund recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP bought a new stake in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) during the second quarter, according to the company in its most recent 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 approximately 0.51% of Silver Bow Mining at the end of the most recent reporting period.

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.