Shares of Santacruz Silver Mining (NASDAQ:SCZM - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $8.07 and traded as high as $8.15. Santacruz Silver Mining shares last traded at $8.09, with a volume of 349,992 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on SCZM shares. Weiss Ratings downgraded Santacruz Silver Mining from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, October 26th. Maxim Group reduced their target price on 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. Zacks Research downgraded Santacruz Silver Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 23rd. Finally, Wall Street Zen upgraded Santacruz Silver Mining from a "hold" rating to a "buy" rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.00.
Get Our Latest Research Report on Santacruz Silver Mining
Santacruz Silver Mining Stock Up 7.6%
The stock has a market cap of $752.37 million and a price-to-earnings ratio of 25.28. The stock has a fifty day moving average of $8.57 and a two-hundred day moving average of $8.07.
Santacruz Silver Mining (NASDAQ:SCZM - Get Free Report) last posted 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 firm 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%. Equities research analysts anticipate that Santacruz Silver Mining will post 0.96 EPS for the current fiscal year.
Institutional Investors Weigh In On Santacruz Silver Mining
Several large investors have recently made changes to their positions in SCZM. TD Waterhouse Canada Inc. purchased a new position in Santacruz Silver Mining in the second quarter valued at about $51,000. Compass Ion Advisors LLC purchased a new stake in shares of Santacruz Silver Mining during the 3rd quarter valued at about $95,000. Commonwealth Equity Services LLC acquired a new position in Santacruz Silver Mining during the 3rd quarter worth approximately $102,000. Verus Capital Partners LLC boosted its holdings in Santacruz Silver Mining by 12.0% in the 3rd quarter. Verus Capital Partners LLC now owns 14,000 shares of the company's stock worth $124,000 after acquiring an additional 1,500 shares during the period. Finally, Tidal Investments LLC purchased a new position in Santacruz Silver Mining in the 2nd quarter worth approximately $122,000.
Santacruz Silver Mining Company Profile
(
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Santacruz Silver Mining Ltd. is a Canadian mining company focused on the exploration, development and operation of silver, lead and zinc properties in Mexico. The company produces mineral concentrates containing silver and base metals, which are sold to smelters and other processing customers.
Santacruz's Mexican operating portfolio has included the Zimapan mine complex in Hidalgo, the La Encantada mine in Coahuila and the Rosario mine in San Luis Potosi, along with the Veta Grande property in Zacatecas.
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