Santacruz Silver Mining (NASDAQ:SCZM) Trading Down 0.7% – Time to Sell?

Santacruz Silver Mining (NASDAQ:SCZM)’s stock price dropped 0.7% during trading on Friday . The stock traded as low as $5.61 and last traded at $5.94. Approximately 617,420 shares changed hands during trading, an increase of 14% from the average session volume of 542,479 shares. The stock had previously closed at $5.98.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Santacruz Silver Mining from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Zacks Research raised shares of Santacruz Silver Mining to a “hold” rating in a research report on Tuesday, April 28th. Finally, Maxim Group cut their price objective on Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Santacruz Silver Mining has an average rating of “Hold” and a consensus target price of $10.00.

Santacruz Silver Mining Stock Down 0.7%

The firm has a market cap of $550.88 million and a P/E ratio of 19.80. The firm’s 50 day moving average price is $7.33.

Santacruz Silver Mining (NASDAQ:SCZM) last released its quarterly earnings results on Friday, May 15th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). The company had revenue of $127.53 million during the quarter, compared to analyst estimates of $124.00 million.

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.