Santacruz Silver Mining (NASDAQ:SCZM) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Santacruz Silver Mining (NASDAQ:SCZM) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other analysts have also commented on the stock. Maxim Group lowered their price objective on shares of Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, July 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Santacruz Silver Mining in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.00.

Santacruz Silver Mining Trading Down 5.0%

Santacruz Silver Mining stock opened at $9.52 on Friday. The stock has a market capitalization of $882.88 million and a price-to-earnings ratio of 29.75. Santacruz Silver Mining has a 1-year low of $4.68 and a 1-year high of $17.65. The business’s 50-day moving average price is $7.43.

Santacruz Silver Mining (NASDAQ:SCZM) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.35). The business had revenue of $113.46 million for the quarter, compared to analysts’ expectations of $135.00 million. Santacruz Silver Mining had a net margin of 9.97% and a return on equity of 21.55%. Sell-side analysts anticipate that Santacruz Silver Mining will post 1.06 earnings per share for the current year.

Institutional Trading of Santacruz Silver Mining

An institutional investor recently bought a new stake in Santacruz Silver Mining stock. TD Waterhouse Canada Inc. bought a new position in Santacruz Silver Mining (NASDAQ:SCZM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,800 shares of the company’s stock, valued at approximately $51,000.

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.