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

Santacruz Silver Mining (NASDAQ:SCZM) posted its quarterly earnings data on Friday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.11), Zacks reports.

Santacruz Silver Mining Price Performance

NASDAQ SCZM traded down $1.00 on Friday, reaching $8.70. The company’s stock had a trading volume of 447,735 shares, compared to its average volume of 545,152. Santacruz Silver Mining has a twelve month low of $1.44 and a twelve month high of $17.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SCZM shares. Zacks Research raised shares of Santacruz Silver Mining to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded shares of Santacruz Silver Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Maxim Group started coverage on shares of Santacruz Silver Mining in a report on Wednesday, April 8th. They issued a “buy” rating and a $12.00 price target for the company. Finally, Wall Street Zen raised shares of Santacruz Silver Mining from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Santacruz Silver Mining presently has a consensus rating of “Hold” and a consensus target price of $12.00.

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.