Santacruz Silver Mining (NASDAQ:SCZM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Santacruz Silver Mining (NASDAQ:SCZM) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

SCZM has been the subject of a number of other reports. Weiss Ratings lowered Santacruz Silver Mining from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 26th. Zacks Research downgraded Santacruz Silver Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 23rd. Finally, Maxim Group decreased their price objective on Santacruz Silver Mining from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.00.

Santacruz Silver Mining Stock Up 7.6%

SCZM opened at $8.09 on Friday. The company has a market capitalization of $752.37 million and a PE ratio of 25.28. The firm has a 50-day simple moving average of $8.57 and a two-hundred day simple moving average of $8.07. Santacruz Silver Mining has a 52 week low of $4.68 and a 52 week high of $17.65.

Santacruz Silver Mining (NASDAQ:SCZM) last issued its earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.35). The firm 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%. As a group, sell-side analysts expect that Santacruz Silver Mining will post 0.96 earnings per share for the current year.

Institutional Trading of Santacruz Silver Mining

Large investors have recently made changes to their positions in the business. U S Global Investors Inc. purchased a new stake in shares of Santacruz Silver Mining during the 3rd quarter valued at about $3,091,000. Susquehanna International Group LLP purchased a new position in Santacruz Silver Mining in the second quarter worth about $401,000. Squarepoint Ops LLC purchased a new position in Santacruz Silver Mining in the second quarter worth about $238,000. NewEdge Advisors LLC purchased a new position in Santacruz Silver Mining in the second quarter worth about $212,000. Finally, Engineers Gate Manager LP bought a new stake in Santacruz Silver Mining during the second quarter worth approximately $148,000.

Santacruz Silver Mining Company Profile

Santacruz Silver Mining Ltd. is a Canadian mining company focused on the exploration, development and operation of silver, lead and zinc properties in Mexico. The company produces mineral concentrates containing silver and base metals, which are sold to smelters and other processing customers.

Santacruz’s Mexican operating portfolio has included the Zimapan mine complex in Hidalgo, the La Encantada mine in Coahuila and the Rosario mine in San Luis Potosi, along with the Veta Grande property in Zacatecas.