Sell 2/10/2025Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to E+ from D- on 2/10/2025 due to a decline in the volatility index and valuation index.

Sell 1/24/2025Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D- from E+ on 1/24/2025 due to an increase in the growth index and valuation index. Operating cash flow increased 21.88% from -$383.9 to -$299.9, and earnings per share increased from -$0.0013 to -$0.0011.

Sell 10/28/2024Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to E+ from D- on 10/28/2024 due to a decline in the volatility index.

Sell 4/1/2024Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D- from E+ on 4/1/2024 due to an increase in the volatility index.

Sell 3/14/2024Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to E+ from D- on 3/14/2024 due to a decline in the volatility index.

Sell 2/27/2024Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D- from E+ on 2/27/2024 due to an increase in the solvency index, valuation index and volatility index. The quick ratio increased from 13.68 to 23.22.

Sell 7/24/2023Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to E+ from D- on 7/24/2023 due to a large decline in the growth index and volatility index. Operating cash flow declined 297.89% from -$109.1 to -$434.1, EBIT declined 116.9% from -$201.8 to -$437.7, and earnings per share declined from -$0.0005 to -$0.0009.

Sell 3/14/2023Downgrade
Spanish Mountain Gold Ltd. (SPAUF) was downgraded to D- from D on 03/14/2023.

Sell 2/23/2023Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D from D- on 2/23/2023 due to an increase in the total return index and volatility index.

Sell 2/8/2023Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to D- from D on 2/8/2023 due to a decline in the total return index, solvency index and volatility index. The quick ratio declined from 4.7 to 3.03.

Sell 5/31/2022Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D from D- on 5/31/2022 due to an increase in the growth index, total return index and solvency index. Operating cash flow increased 114.57% from -$192.8 to $28.1, and the quick ratio increased from 4.92 to 5.41.

Sell 5/13/2022Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to D- from D on 5/13/2022 due to a decline in the total return index and volatility index.

Sell 4/27/2022Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D from D- on 4/27/2022 due to an increase in the total return index and volatility index.

Sell 4/20/2022Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to D- from D on 4/20/2022 due to a decline in the solvency index.

Sell 11/23/2021Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D from D- on 11/23/2021 due to an increase in the total return index and volatility index.

Sell 11/8/2021Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to D- from D on 11/8/2021 due to a substantial decline in the efficiency index, growth index and total return index. Operating cash flow declined 366.38% from -$22.9 to -$106.8, and net income declined 1.16% from -$258 to -$261.

Sell 6/5/2018Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to D from D+ on 6/5/2018 due to a decline in the growth index and solvency index. EBIT declined 11.67% from -$105.4 to -$117.7.

Sell 5/8/2018Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to D+ from D on 5/8/2018 due to a noticeable increase in the growth index and valuation index. Earnings per share increased from -$0.004 to -$0.0013, EBIT increased 13.25% from -$121.5 to -$105.4, and operating cash flow increased 7.87% from -$194.5 to -$179.2.

Sell 12/1/2017Downgrade
Spanish Mountain Gold Ltd. (SPAZF) was downgraded to D from C- on 12/1/2017 due to a significant decline in the valuation index, growth index and efficiency index. Net income declined 490.53% from -$142.6 to -$842.1, earnings per share declined from -$0.0007 to -$0.004, and operating cash flow declined 65.96% from -$117.2 to -$194.5.

Hold 11/13/2017Upgraded
Spanish Mountain Gold Ltd. (SPAZF) was upgraded to C- from D+ on 11/13/2017 due to an increase in the valuation index, total return index and volatility index.

Sell 10/20/2017Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D+ from C- on 10/20/2017 due to a decline in the total return index.

Hold 10/5/2017Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C- from D+ on 10/5/2017 due to an increase in the growth index, volatility index and total return index. Operating cash flow increased 24.48% from -$155.2 to -$117.2, EBIT increased 20.93% from -$171.5 to -$135.6, and earnings per share increased from -$0.0008 to -$0.0007.

Sell 7/5/2017Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D+ from C- on 7/5/2017 due to a significant decline in the total return index, growth index and efficiency index. EBIT declined 1.72% from -$168.6 to -$171.5.

Hold 4/28/2017Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to C- from C on 4/28/2017 due to a noticeable decline in the valuation index, growth index and volatility index. Earnings per share declined from $0.006 to -$0.0008, and operating cash flow declined 25.04% from -$133.8 to -$167.3.

Hold 3/1/2017Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C from D+ on 3/1/2017 due to a significant increase in the total return index.

Sell 11/29/2016Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to D+ from D on 11/29/2016 due to a significant increase in the valuation index, solvency index and growth index. The quick ratio increased from 0.08 to 7.57, and earnings per share increased from -$0.0004 to $0.006.

Sell 11/15/2016Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D from D+ on 11/15/2016 due to a major decline in the total return index and volatility index.

Sell 10/31/2016Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to D+ from D on 10/31/2016 due to a substantial increase in the total return index.

Sell 10/14/2016Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D from D+ on 10/14/2016 due to a significant decline in the total return index.

Sell 8/26/2016Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D+ from C- on 8/26/2016 due to a noticeable decline in the growth index. Earnings per share declined from -$0.0003 to -$0.0004, EBIT declined 23.43% from -$92.2 to -$113.8, and operating cash flow declined 18.17% from -$91.9 to -$108.6.

Hold 7/28/2016Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C- from D+ on 7/28/2016 due to a major increase in the total return index and volatility index.

Sell 6/2/2016Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to D+ from D on 6/2/2016 due to a noticeable increase in the total return index, growth index and solvency index. Operating cash flow increased 14.83% from -$107.9 to -$91.9, and EBIT increased 0.32% from -$92.5 to -$92.2.

Sell 4/28/2016Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D from D+ on 4/28/2016 due to a substantial decline in the valuation index, growth index and efficiency index. Operating cash flow declined 899.26% from $13.5 to -$107.9, EBIT declined 7.18% from -$86.3 to -$92.5, and total capital declined 2.86% from $55.96M to $54.36M.

Sell 3/29/2016Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to D+ from D on 3/29/2016 due to an increase in the volatility index.

Sell 3/14/2016Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D from D+ on 3/14/2016 due to a decline in the volatility index.

Sell 3/11/2016Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D+ from C on 3/11/2016 due to a significant decline in the volatility index and total return index.

Hold 3/8/2016Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C from C- on 3/8/2016 due to a large increase in the volatility index and total return index.

Hold 1/15/2016Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to C- from C on 1/15/2016 due to a noticeable decline in the total return index.

Hold 12/31/2015Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C from C- on 12/31/2015 due to a substantial increase in the valuation index, total return index and growth index. Operating cash flow increased 45.16% from $9.3 to $13.5.

Hold 7/14/2015Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C- from D+ on 7/14/2015 due to a noticeable increase in the valuation index.

Sell 6/29/2015Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D+ from C- on 6/29/2015 due to a noticeable decline in the valuation index.

Hold 6/2/2015Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C- from D+ on 6/2/2015 due to a noticeable increase in the valuation index and efficiency index.

Sell 5/22/2015Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D+ from C- on 5/22/2015 due to a significant decline in the valuation index and growth index.

Hold 4/28/2015Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to C- from D+ on 4/28/2015 due to a significant increase in the valuation index, growth index and efficiency index. EBIT increased 7.65% from -$184.3 to -$198.4.

Sell 11/26/2014Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to D+ from D on 11/26/2014 due to an increase in the growth index, total return index and efficiency index.

Sell 8/25/2014Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D from D+ on 8/25/2014 due to a decline in the growth index. EBIT declined 3.27% from -$220.1 to -$212.9.

Sell 6/5/2014Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to D+ from D on 6/5/2014 due to an increase in the growth index.

Sell 4/21/2014Downgrade
Spanish Mountain Gold Ltd (SPAZF) was downgraded to D from D+ on 4/21/2014 due to a decline in the total return index.

Sell 3/21/2014Upgraded
Spanish Mountain Gold Ltd (SPAZF) was upgraded to D+ from D on 3/21/2014 due to an increase in the volatility index, valuation index and total return index.