Santacruz Silver Mining (NASDAQ:SCZM) Issues Quarterly Earnings Results

Santacruz Silver Mining (NASDAQ:SCZM) released its earnings results on Friday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.11), Zacks reports.

Santacruz Silver Mining Stock Performance

Shares of Santacruz Silver Mining stock traded down $1.00 during trading on Friday, hitting $8.70. 447,735 shares of the stock were exchanged, compared to its average volume of 545,152. Santacruz Silver Mining has a 12 month low of $1.44 and a 12 month high of $17.65.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCZM. Maxim Group began coverage on shares of Santacruz Silver Mining in a research note on Wednesday, April 8th. They set a “buy” rating and a $12.00 target price for the company. Weiss Ratings lowered shares of Santacruz Silver Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Zacks Research upgraded shares of Santacruz Silver Mining to a “hold” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.00.

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.