U S Global Investors Inc. acquired a new stake in shares of Santacruz Silver Mining (NASDAQ:SCZM – Free Report) in the third quarter, Holdings Channel reports. The firm acquired 350,000 shares of the company’s stock, valued at approximately $3,091,000.
Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Santacruz Silver Mining in the second quarter worth $122,000. Engineers Gate Manager LP bought a new position in shares of Santacruz Silver Mining during the second quarter valued at $148,000. NewEdge Advisors LLC bought a new position in shares of Santacruz Silver Mining during the second quarter valued at $212,000. Squarepoint Ops LLC bought a new position in shares of Santacruz Silver Mining during the second quarter valued at $238,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Santacruz Silver Mining in the 2nd quarter worth about $51,000.
Analyst Ratings Changes
SCZM has been the subject of several recent analyst reports. Maxim Group lowered their price target 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. Zacks Research raised shares of Santacruz Silver Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 16th. Wall Street Zen downgraded shares of Santacruz Silver Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings upgraded shares of Santacruz Silver Mining from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Santacruz Silver Mining presently has an average rating of “Buy” and a consensus target price of $10.00.
View Our Latest Report on SCZM
Santacruz Silver Mining Stock Down 12.7%
Shares of SCZM opened at $7.13 on Friday. The firm’s 50 day moving average price is $9.09. Santacruz Silver Mining has a twelve month low of $4.68 and a twelve month high of $17.65.
Santacruz Silver Mining (NASDAQ:SCZM – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.02 earnings per share 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 analysts’ expectations of $135.00 million. Santacruz Silver Mining had a return on equity of 21.55% and a net margin of 9.97%. On average, sell-side analysts anticipate that Santacruz Silver Mining will post 1.06 EPS for the current fiscal year.
Santacruz Silver Mining Company Profile
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.
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