Santacruz Silver Mining (NASDAQ:SCZM) Issues Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Santacruz Silver Mining (NASDAQ:SCZM) released its earnings results on Friday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11), Zacks reports. The company had revenue of $127.53 million during the quarter, compared to analyst estimates of $124.00 million.

Santacruz Silver Mining Stock Performance

Shares of NASDAQ:SCZM opened at $8.70 on Friday. Santacruz Silver Mining has a 52-week low of $1.44 and a 52-week high of $17.65.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Maxim Group assumed coverage on Santacruz Silver Mining in a research note on Wednesday, April 8th. They set a “buy” rating and a $12.00 target price for the company. Wall Street Zen raised Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Weiss Ratings lowered shares of Santacruz Silver Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Zacks Research raised shares of Santacruz Silver Mining to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Santacruz Silver Mining has a consensus rating of “Hold” and an average price target of $12.00.

Santacruz Silver Mining Company Profile

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.