Zacks Research Upgrades Santacruz Silver Mining (NASDAQ:SCZM) to “Hold”

Santacruz Silver Mining (NASDAQ:SCZM) was upgraded by equities researchers at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on SCZM. Weiss Ratings assumed coverage on Santacruz Silver Mining in a research report on Tuesday, April 7th. They issued a “hold (c)” rating for the company. Wall Street Zen upgraded Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Maxim Group assumed coverage on Santacruz Silver Mining in a research report on Wednesday, April 8th. They issued a “buy” rating and a $12.00 price target for the company. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Santacruz Silver Mining Stock Performance

Shares of SCZM stock traded up $0.05 during trading hours on Tuesday, reaching $7.78. The company had a trading volume of 143,635 shares, compared to its average volume of 549,087. Santacruz Silver Mining has a 12-month low of $1.35 and a 12-month high of $17.65.

Santacruz Silver Mining Company Profile

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.