Santacruz Silver Mining (NASDAQ:SCZM) Stock Dropped to "Hold" by Wall Street Zen

Santacruz Silver Mining (NASDAQ:SCZM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings downgraded Santacruz Silver Mining from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, October 26th. Zacks Research lowered Santacruz Silver Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.00.

Santacruz Silver Mining Trading Down 3.1%

Shares of SCZM stock traded down $0.22 during trading on Friday, reaching $6.83. 361,384 shares of the company's stock traded hands, compared to its average volume of 391,063. The firm's 50-day moving average is $8.37 and its 200 day moving average is $8.04. The company has a market capitalization of $635.19 million and a P/E ratio of 21.34. Santacruz Silver Mining has a 1 year low of $5.00 and a 1 year high of $17.65.

Santacruz Silver Mining (NASDAQ:SCZM - Get Free Report) last released 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). Santacruz Silver Mining had a net margin of 9.97% and a return on equity of 21.55%. The business had revenue of $113.46 million during the quarter, compared to analysts' expectations of $135.00 million. As a group, sell-side analysts predict that Santacruz Silver Mining will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Santacruz Silver Mining

A number of large investors have recently modified their holdings of the company. U S Global Investors Inc. purchased a new position in Santacruz Silver Mining during the third quarter valued at approximately $3,091,000. Susquehanna International Group LLP purchased a new stake in Santacruz Silver Mining in the 2nd quarter worth approximately $401,000. State Street Corp purchased a new stake in Santacruz Silver Mining in the 3rd quarter worth approximately $472,000. Squarepoint Ops LLC bought a new position in Santacruz Silver Mining in the 2nd quarter valued at $238,000. Finally, NewEdge Advisors LLC bought a new position in Santacruz Silver Mining in the 2nd quarter valued at $212,000.

Santacruz Silver Mining Company Profile

Santacruz Silver Mining Ltd. is a Canadian mining company focused on the exploration, development and production of silver and other metals. Its operations and mining assets are primarily located in Bolivia, where it produces metal-bearing concentrates that include silver, zinc and lead. The company's Bolivian portfolio includes the Bolívar and Porco mines and the Caballo Blanco group of mining properties. It also has mineral processing facilities that support the treatment of ore from its operations.

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