Santacruz Silver Mining (NASDAQ:SCZM) Stock Price Up 8.2% – What’s Next?

Santacruz Silver Mining (NASDAQ:SCZM) was up 8.2% during mid-day trading on Monday . The stock traded as high as $7.86 and last traded at $7.55. Approximately 576,363 shares were traded during trading, an increase of 3% from the average daily volume of 557,146 shares. The stock had previously closed at $6.98.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SCZM shares. Weiss Ratings upgraded shares of Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wall Street Zen lowered shares of Santacruz Silver Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Zacks Research raised shares of Santacruz Silver Mining to a “hold” rating in a research report on Tuesday, April 28th. Finally, Maxim Group began coverage on shares of Santacruz Silver Mining in a research report on Wednesday, April 8th. They issued a “buy” rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.00.

Santacruz Silver Mining Stock Performance

The firm has a 50-day moving average of $8.21.

Santacruz Silver Mining (NASDAQ:SCZM) last issued its earnings results on Friday, May 15th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11). The firm had revenue of $127.53 million for the quarter, compared to analyst estimates of $124.00 million.

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.