Susquehanna International Group LLP Invests $401,000 in Santacruz Silver Mining $SCZM

Susquehanna International Group LLP bought a new position in shares of Santacruz Silver Mining (NASDAQ:SCZM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 61,756 shares of the company’s stock, valued at approximately $401,000. Susquehanna International Group LLP owned approximately 0.07% of Santacruz Silver Mining as of its most recent filing with the Securities & Exchange Commission.

Santacruz Silver Mining Stock Performance

Shares of Santacruz Silver Mining stock opened at $9.36 on Tuesday. The company has a 50-day simple moving average of $7.47. Santacruz Silver Mining has a 52-week low of $4.68 and a 52-week high of $17.65. The company has a market capitalization of $868.05 million and a PE ratio of 29.25.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SCZM. Weiss Ratings restated a “hold (c+)” rating on shares of Santacruz Silver Mining in a report on Wednesday, August 19th. Wall Street Zen cut shares of Santacruz Silver Mining from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Maxim Group reduced their price target on Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

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.