Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report) issued its earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11), Zacks reports.
Santacruz Silver Mining Price Performance
SCZM opened at $8.70 on Friday. Santacruz Silver Mining has a one year low of $1.44 and a one year high of $17.65.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on SCZM shares. Wall Street Zen raised shares of Santacruz Silver Mining from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Weiss Ratings cut shares of Santacruz Silver Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Zacks Research raised shares of Santacruz Silver Mining to a “hold” rating in a report on Tuesday, April 28th. Finally, Maxim Group started coverage on shares of Santacruz Silver Mining in a report on Wednesday, April 8th. They set a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.00.
Santacruz Silver Mining Company Profile
Santacruz Silver Mining Inc (Nasdaq: SCZM) is a precious metals company focused on the exploration, development and production of silver and gold resources. The company’s business centers on acquiring and advancing mineral properties, conducting exploration programs to expand resources, and operating or re‑starting mines to produce payable metal. As a publicly traded issuer, Santacruz reports results and project updates through routine regulatory filings and investor communications.
Operationally, Santacruz is primarily involved in the full cycle of mining activities that include drilling and resource definition, mine development and production, on‑site ore processing or concentrate production, and the sale of metal production to smelters and concentrate buyers.
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