Santacruz Silver Mining (NASDAQ:SCZM) Raised to “Buy” at Wall Street Zen

Santacruz Silver Mining (NASDAQ:SCZM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

SCZM has been the topic of a number of other research reports. Zacks Research upgraded Santacruz Silver Mining to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Finally, Maxim Group began coverage on Santacruz Silver Mining in a report on Wednesday, April 8th. They issued a “buy” rating and a $12.00 price objective on the stock. One research 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.com, Santacruz Silver Mining currently has a consensus rating of “Hold” and an average target price of $12.00.

Santacruz Silver Mining Stock Performance

Shares of SCZM opened at $7.15 on Friday. The company has a fifty day moving average of $8.15. Santacruz Silver Mining has a fifty-two week low of $2.67 and a fifty-two week high of $17.65.

Santacruz Silver Mining (NASDAQ:SCZM) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.11). The firm had revenue of $127.53 million for the quarter, compared to the consensus estimate of $124.00 million.

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.