Santacruz Silver Mining (CVE:SCZ) Upgraded at Maxim Group

Key Points

• Maxim Group upgraded Santacruz Silver Mining (CVE:SCZ) to a "strong-buy" rating in a note to investors.
• Shares opened at C$11.22 and trade in a 52‑week range of C$1.68–C$23.90; the company has a market cap of about C$1.04 billion, a P/E of 24.39 and a beta of 2.71, suggesting elevated volatility.
• Santacruz is a Latin America-focused silver and zinc miner that owns the Zimapan Mine in Hidalgo, Mexico, and holds Bolivian assets including Sinchi Wayra and Illapa.

Santacruz Silver Mining (CVE:SCZ - Get Free Report) was upgraded by research analysts at Maxim Group to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.

Santacruz Silver Mining Price Performance

CVE SCZ opened at C$11.22 on Wednesday. Santacruz Silver Mining has a 52 week low of C$1.68 and a 52 week high of C$23.90. The company has a current ratio of 1.41, a quick ratio of 0.51 and a debt-to-equity ratio of 0.87. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 24.39 and a beta of 2.71. The company has a 50-day moving average price of C$13.40 and a two-hundred day moving average price of C$12.19.

Santacruz Silver Mining Company Profile

Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in Latin America. The company primarily explores for silver and zinc, as well as lead and copper deposits. It holds 100% interests in the Zimapan Mine that consists of 34 mining concessions covering an area of 5,139 hectares located in Hidalgo, Mexico; the Sinchi Wayra and the Illapa assets located in Bolivia; and exploration properties, which include the La Pechuga Property and the Santa Gorgonia Prospect.

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