Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.44, but opened at $6.65. Santacruz Silver Mining shares last traded at $6.6840, with a volume of 16,805 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on SCZM shares. Weiss Ratings raised shares of Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen upgraded Santacruz Silver Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Maxim Group started coverage on Santacruz Silver Mining in a research report on Wednesday, April 8th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Zacks Research upgraded Santacruz Silver Mining to a “hold” rating in a report on Tuesday, April 28th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.
Get Our Latest Stock Analysis on Santacruz Silver Mining
Santacruz Silver Mining Stock Up 3.6%
Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11). The firm had revenue of $127.53 million during the quarter, compared to the consensus estimate 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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