Santacruz Silver Mining (NASDAQ:SCZM) Stock Price Down 0.7% – What’s Next?

Santacruz Silver Mining (NASDAQ:SCZM)’s stock price dropped 0.7% during trading on Friday . The company traded as low as $5.61 and last traded at $5.94. 617,420 shares traded hands during trading, an increase of 14% from the average session volume of 542,479 shares. The stock had previously closed at $5.98.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research raised Santacruz Silver Mining to a “hold” rating in a research report on Tuesday, April 28th. Maxim Group reduced their price objective on Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings raised Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.00.

Santacruz Silver Mining Price Performance

The stock has a market capitalization of $550.88 million and a PE ratio of 19.80. The stock has a 50 day moving average of $7.33.

Santacruz Silver Mining (NASDAQ:SCZM) last issued its quarterly 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 company had revenue of $127.53 million during the quarter, compared to analysts’ expectations 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.