Susquehanna International Group LLP Takes $401,000 Position in Santacruz Silver Mining $SCZM

Susquehanna International Group LLP bought a new position in shares of Santacruz Silver Mining (NASDAQ:SCZM) during the second quarter, HoldingsChannel reports. The fund bought 61,756 shares of the company’s stock, valued at approximately $401,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SCZM. Wall Street Zen lowered shares of Santacruz Silver Mining from a “buy” rating to a “hold” rating in a report on Saturday. Maxim Group decreased their price target on Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Santacruz Silver Mining in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.00.

Santacruz Silver Mining Price Performance

Shares of NASDAQ SCZM opened at $9.36 on Tuesday. Santacruz Silver Mining has a twelve month low of $4.68 and a twelve month high of $17.65. The business’s fifty day moving average price is $7.47. The company has a market capitalization of $868.05 million and a P/E ratio of 29.25.

Santacruz Silver Mining (NASDAQ:SCZM) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.35). The firm had revenue of $113.46 million for the quarter, compared to the consensus estimate of $135.00 million. Santacruz Silver Mining had a net margin of 9.97% and a return on equity of 21.55%. As a group, analysts anticipate that Santacruz Silver Mining will post 1.06 earnings per share for the current year.

Santacruz Silver Mining 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.