Santacruz Silver Mining (NASDAQ:SCZM) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Santacruz Silver Mining from “buy” to “hold.” Overall analyst sentiment is “Hold,” with one Buy rating and two Hold ratings, alongside an average price target of $10.00.
• Santacruz reported quarterly earnings of $0.02 per share, missing the $0.37 consensus estimate, while revenue of $113.46 million fell short of the $135 million forecast.
• Shares opened at $9.52, with a market capitalization of approximately $882.9 million; the stock has traded between $4.68 and $17.65 over the past year.

Santacruz Silver Mining (NASDAQ:SCZM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Santacruz Silver Mining in a research note on Wednesday, August 19th. Maxim Group dropped their target price on shares of Santacruz Silver Mining from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Santacruz Silver Mining presently has an average rating of "Hold" and an average price target of $10.00.

Santacruz Silver Mining Stock Performance

Shares of SCZM opened at $9.52 on Friday. The firm has a market cap of $882.88 million and a price-to-earnings ratio of 29.75. The firm has a 50 day simple moving average of $7.43. Santacruz Silver Mining has a 52-week low of $4.68 and a 52-week high of $17.65.

Santacruz Silver Mining (NASDAQ:SCZM - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $113.46 million for the quarter, compared to analyst estimates of $135.00 million. Santacruz Silver Mining had a return on equity of 21.55% and a net margin of 9.97%. On average, analysts anticipate that Santacruz Silver Mining will post 1.06 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Santacruz Silver Mining stock. TD Waterhouse Canada Inc. acquired a new stake in shares of Santacruz Silver Mining (NASDAQ:SCZM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,800 shares of the company's stock, valued at approximately $51,000.

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.

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