Santacruz Silver Mining (NASDAQ:SCZM) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Santacruz Silver Mining (NASDAQ:SCZM) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently weighed in on SCZM. Maxim Group cut their price target on shares of Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Weiss Ratings lowered shares of Santacruz Silver Mining from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 26th. Finally, Zacks Research cut shares of Santacruz Silver Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

Santacruz Silver Mining Price Performance

SCZM opened at $7.52 on Friday. The company has a market capitalization of $699.36 million and a price-to-earnings ratio of 23.50. The firm’s fifty day moving average price is $8.60 and its two-hundred day moving average price is $8.07. Santacruz Silver Mining has a 1 year low of $4.68 and a 1 year high of $17.65.

Santacruz Silver Mining (NASDAQ:SCZM) last posted its 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 firm had revenue of $113.46 million during the quarter, compared to the consensus estimate of $135.00 million. Santacruz Silver Mining had a return on equity of 21.55% and a net margin of 9.97%. As a group, equities analysts anticipate that Santacruz Silver Mining will post 0.96 EPS for the current year.

Hedge Funds Weigh In On Santacruz Silver Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of SCZM. U S Global Investors Inc. bought a new position in Santacruz Silver Mining in the 3rd quarter worth $3,091,000. Susquehanna International Group LLP bought a new stake in shares of Santacruz Silver Mining during the 2nd quarter valued at about $401,000. Squarepoint Ops LLC bought a new stake in shares of Santacruz Silver Mining during the 2nd quarter valued at about $238,000. NewEdge Advisors LLC bought a new stake in shares of Santacruz Silver Mining during the 2nd quarter valued at about $212,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Santacruz Silver Mining during the second quarter valued at about $148,000.

Santacruz Silver Mining Company Profile

Santacruz Silver Mining Ltd. is a Canadian mining company focused on the exploration, development and operation of silver, lead and zinc properties in Mexico. The company produces mineral concentrates containing silver and base metals, which are sold to smelters and other processing customers.

Santacruz’s Mexican operating portfolio has included the Zimapan mine complex in Hidalgo, the La Encantada mine in Coahuila and the Rosario mine in San Luis Potosi, along with the Veta Grande property in Zacatecas.