Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report)’s share price rose 10.3% during mid-day trading on Wednesday . The company traded as high as $7.97 and last traded at $7.94. 271,121 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 530,900 shares. The stock had previously closed at $7.20.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on SCZM shares. Wall Street Zen raised shares of Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Weiss Ratings raised shares of Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Maxim Group cut their price objective on shares of Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Finally, Zacks Research upgraded Santacruz Silver Mining to a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.00.
Read Our Latest Stock Report on SCZM
Santacruz Silver Mining Stock Performance
Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.11). The company had revenue of $127.53 million during the quarter, compared to analyst estimates of $124.00 million.
About Santacruz Silver Mining
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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