Santacruz Silver Mining (NASDAQ:SCZM) Shares Climb 13.5% – Here’s What Happened

Posted by Brian Himes on Nov 6th, 2026

Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report)’s share price shot up 13.5% on Wednesday. The company traded as high as $7.69 and last traded at $7.6870. 305,233 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 510,080 shares. The stock had previously closed at $6.77.

Analysts Set New Price Targets

SCZM has been the subject of several recent analyst reports. Zacks Research downgraded shares of Santacruz Silver Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. Weiss Ratings downgraded shares of Santacruz Silver Mining from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, October 26th. Maxim Group cut their target price on shares of 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. 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 investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.00.

Get Our Latest Report on SCZM

Santacruz Silver Mining Trading Up 2.7%

The firm’s fifty day moving average price is $8.60 and its 200-day moving average price is $8.07. The company has a market cap of $699.32 million and a P/E ratio of 23.50.

Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.35). Santacruz Silver Mining had a net margin of 9.97% and a return on equity of 21.55%. The company had revenue of $113.46 million during the quarter, compared to the consensus estimate of $135.00 million. As a group, research analysts forecast that Santacruz Silver Mining will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Santacruz Silver Mining

Several institutional investors have recently modified their holdings of the company. Verus Capital Partners LLC boosted its stake in Santacruz Silver Mining by 12.0% during the third quarter. Verus Capital Partners LLC now owns 14,000 shares of the company’s stock worth $124,000 after buying an additional 1,500 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Santacruz Silver Mining in the 3rd quarter valued at $102,000. Compass Ion Advisors LLC acquired a new position in shares of Santacruz Silver Mining in the 3rd quarter valued at $95,000. U S Global Investors Inc. bought a new position in shares of Santacruz Silver Mining during the 3rd quarter worth about $3,091,000. Finally, Tidal Investments LLC bought a new position in shares of Santacruz Silver Mining during the 2nd quarter worth about $122,000.

Santacruz Silver Mining Company Profile

(Get Free Report)

Santacruz Silver Mining Ltd. is a Canadian mining company focused on the exploration, development and operation of silver, lead and zinc properties in Mexico. The company produces mineral concentrates containing silver and base metals, which are sold to smelters and other processing customers.

Santacruz’s Mexican operating portfolio has included the Zimapan mine complex in Hidalgo, the La Encantada mine in Coahuila and the Rosario mine in San Luis Potosi, along with the Veta Grande property in Zacatecas.