Santacruz Silver Mining (NASDAQ:SCZM) Rating Lowered to Hold at Wall Street Zen

Santacruz Silver Mining (NASDAQ:SCZM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also issued reports on SCZM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Santacruz Silver Mining in a research note on Wednesday, August 19th. Maxim Group cut their target price on Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. One 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, the company has a consensus rating of “Hold” and an average price target of $10.00.

Santacruz Silver Mining Price Performance

SCZM stock opened at $9.52 on Friday. Santacruz Silver Mining has a 52 week low of $4.68 and a 52 week high of $17.65. The company has a market capitalization of $882.88 million and a price-to-earnings ratio of 29.75. The company’s fifty day simple moving average is $7.43.

Santacruz Silver Mining (NASDAQ:SCZM) last posted its earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.35). The business 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%. Research analysts anticipate that Santacruz Silver Mining will post 1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Santacruz Silver Mining

A hedge fund recently bought a new stake in Santacruz Silver Mining stock. TD Waterhouse Canada Inc. acquired a new position in Santacruz Silver Mining (NASDAQ:SCZM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,800 shares of the company’s stock, valued at approximately $51,000.

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.