Santacruz Silver Mining (NASDAQ:SCZM) Coverage Initiated by Analysts at Maxim Group

Stock analysts at Maxim Group started coverage on shares of Santacruz Silver Mining (NASDAQ:SCZM) in a note issued to investors on Wednesday,Benzinga reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. Maxim Group’s price target indicates a potential upside of 39.70% from the stock’s current price.

Santacruz Silver Mining Stock Up 9.3%

NASDAQ SCZM opened at $8.59 on Wednesday. Santacruz Silver Mining has a 12 month low of $1.12 and a 12 month high of $17.65.

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.