Santacruz Silver Mining (NASDAQ:SCZM) Trading Up 8.9% – What’s Next?

Santacruz Silver Mining (NASDAQ:SCZM) shares were up 8.9% on Wednesday . The stock traded as high as $9.16 and last traded at $9.1170. 203,821 shares traded hands during trading, a decline of 62% from the average daily volume of 530,268 shares. The stock had previously closed at $8.37.

Analysts Set New Price Targets

SCZM has been the subject of several recent research reports. Weiss Ratings raised shares of Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Maxim Group reduced their price objective on shares of Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Zacks Research upgraded shares of Santacruz Silver Mining to a “hold” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen raised shares of Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Santacruz Silver Mining presently has an average rating of “Hold” and an average price target of $10.00.

Santacruz Silver Mining Trading Up 13.0%

The stock has a 50-day simple moving average of $7.02. The stock has a market capitalization of $876.76 million and a PE ratio of 31.46.

Santacruz Silver Mining (NASDAQ:SCZM) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.35). The business had revenue of $113.46 million during the quarter, compared to analyst estimates of $135.00 million. Santacruz Silver Mining had a net margin of 15.97% and a return on equity of 33.35%. On average, research analysts anticipate that Santacruz Silver Mining will post 1.51 EPS for the current year.

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.