Key Points
- Silver Bow Mining CFO Wade Newton Black bought 2,500 shares on May 29 at an average price of $9.69, a $24,225 transaction that raised his holdings to 10,000 shares.
- This was part of a recent buying streak: Black also purchased 5,000 shares on May 26 and 2,500 shares on May 18, signaling continued insider confidence.
- Wall Street sentiment is constructive, with Cantor Fitzgerald initiating coverage at a “speculative buy” rating and a $19.80 price target, well above the stock’s $9.15 opening price.
Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Get Free Report) CFO Wade Newton Black acquired 2,500 shares of the business's stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $9.69 per share, for a total transaction of $24,225.00. Following the completion of the transaction, the chief financial officer owned 10,000 shares in the company, valued at approximately $96,900. This represents a 33.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Wade Newton Black also recently made the following trade(s):
- On Tuesday, May 26th, Wade Newton Black acquired 5,000 shares of Silver Bow Mining stock. The shares were purchased at an average cost of $8.50 per share, for a total transaction of $42,500.00.
- On Monday, May 18th, Wade Newton Black acquired 2,500 shares of Silver Bow Mining stock. The shares were purchased at an average cost of $8.83 per share, for a total transaction of $22,075.00.
Silver Bow Mining Price Performance
Shares of SBMT opened at $9.15 on Tuesday. Silver Bow Mining Corp. has a 52 week low of $8.33 and a 52 week high of $11.23.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald initiated coverage on Silver Bow Mining in a research report on Thursday, May 28th. They issued a "speculative buy" rating and a $19.80 price target on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Silver Bow Mining presently has an average rating of "Buy" and a consensus price target of $19.80.
Check Out Our Latest Stock Analysis on Silver Bow Mining
About Silver Bow Mining
(
Get Free Report)
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.
Further Reading
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