Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $8.92, but opened at $9.27. Santacruz Silver Mining shares last traded at $8.9460, with a volume of 94,217 shares.
Analyst Upgrades and Downgrades
SCZM has been the subject of a number of analyst reports. Maxim Group lowered their price objective on Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Weiss Ratings downgraded shares of Santacruz Silver Mining from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen cut shares of Santacruz Silver Mining from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Santacruz Silver Mining currently has an average rating of “Hold” and an average target price of $10.00.
Read Our Latest Research Report on SCZM
Santacruz Silver Mining Stock Performance
Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.35). The firm had revenue of $113.46 million during the quarter, compared to analyst estimates of $135.00 million. Santacruz Silver Mining had a net margin of 9.97% and a return on equity of 21.55%. Analysts forecast that Santacruz Silver Mining will post 1.06 EPS for the current year.
Institutional Investors Weigh In On Santacruz Silver Mining
Large investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new position in shares of Santacruz Silver Mining during the second quarter worth approximately $401,000. Squarepoint Ops LLC purchased a new stake in Santacruz Silver Mining in the 2nd quarter valued at $238,000. NewEdge Advisors LLC acquired a new stake in Santacruz Silver Mining during the 2nd quarter worth $212,000. Engineers Gate Manager LP acquired a new stake in Santacruz Silver Mining during the 2nd quarter worth $148,000. Finally, Tidal Investments LLC acquired a new stake in Santacruz Silver Mining during the 2nd quarter worth $122,000.
Santacruz Silver Mining Company Profile
Santacruz Silver Mining Ltd. is a Canadian mining company focused on the acquisition, exploration, development and operation of silver and polymetallic properties. The company produces silver along with lead, zinc and other associated metals from its mining operations and processing facilities.
Santacruz’s principal operating activities are located in Mexico, a country with a long-established mining industry. Its portfolio has included the Zimapan mining complex in Hidalgo, the Rosario mine in San Luis PotosĂ and the Veta Grande project in Zacatecas.
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