Santacruz Silver Mining (NASDAQ:SCZM) Shares Up 10.3% – Time to Buy?

Santacruz Silver Mining (NASDAQ:SCZM) traded up 10.3% on Wednesday . The company traded as high as $7.97 and last traded at $7.94. 271,121 shares changed hands during trading, a decline of 49% from the average session volume of 530,900 shares. The stock had previously closed at $7.20.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SCZM shares. Zacks Research raised shares of Santacruz Silver Mining to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded shares of Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Maxim Group reduced 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 research note on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Santacruz Silver Mining Price Performance

The firm has a market cap of $769.74 million and a P/E ratio of 27.70. The stock has a 50 day moving average price of $6.79.

Santacruz Silver Mining (NASDAQ:SCZM) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). The business had revenue of $127.53 million during the quarter, compared to analysts’ expectations of $124.00 million. Santacruz Silver Mining had a net margin of 15.97% and a return on equity of 33.35%. Analysts anticipate that Santacruz Silver Mining will post 1.51 EPS for the current year.

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.