Atrium Research Has Positive Outlook of SCZM FY2027 Earnings

Key Points

• Atrium Research raised its FY2027 EPS estimate for Santacruz Silver Mining to $2.15 from $2.02, well above the current consensus estimate of $1.06.
• Santacruz’s latest quarterly results fell short of expectations, with EPS of $0.02 versus $0.37 forecast and revenue of $113.46 million versus $135 million expected.
• Analyst sentiment remains cautious overall: the stock carries a “Hold” consensus rating and a $10 average price target, despite one “Buy” rating and recent institutional purchases.

Santacruz Silver Mining (NASDAQ:SCZM - Free Report) - Analysts at Atrium Research upped their FY2027 earnings per share (EPS) estimates for shares of Santacruz Silver Mining in a research note issued on Friday, September 18th. Atrium Research analyst B. Pirie now expects that the company will post earnings of $2.15 per share for the year, up from their prior forecast of $2.02. The consensus estimate for Santacruz Silver Mining's current full-year earnings is $1.06 per share.

Santacruz Silver Mining (NASDAQ:SCZM - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS 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.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Santacruz Silver Mining from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, September 2nd. Maxim Group dropped their target price on shares of Santacruz Silver Mining from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Santacruz Silver Mining from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.00.

Santacruz Silver Mining Price Performance

Shares of SCZM opened at $9.03 on Tuesday. The company has a 50 day simple moving average of $8.37. The firm has a market capitalization of $839.79 million and a P/E ratio of 28.22. Santacruz Silver Mining has a 52-week low of $4.68 and a 52-week high of $17.65.

Hedge Funds Weigh In On Santacruz Silver Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. acquired a new stake in Santacruz Silver Mining during the 2nd quarter worth approximately $51,000. Tidal Investments LLC acquired a new position in shares of Santacruz Silver Mining in the second quarter valued at approximately $122,000. Engineers Gate Manager LP acquired a new position in shares of Santacruz Silver Mining in the second quarter valued at approximately $148,000. NewEdge Advisors LLC purchased a new stake in shares of Santacruz Silver Mining during the second quarter worth approximately $212,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Santacruz Silver Mining during the second quarter worth approximately $238,000.

About Santacruz Silver Mining

Santacruz Silver Mining Ltd. is a Canadian mining company focused on the acquisition, exploration, development and operation of silver and polymetallic properties. The company produces silver along with lead, zinc and other associated metals from its mining operations and processing facilities.

Santacruz's principal operating activities are located in Mexico, a country with a long-established mining industry. Its portfolio has included the Zimapan mining complex in Hidalgo, the Rosario mine in San Luis Potosí and the Veta Grande project in Zacatecas.

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