Santacruz Silver Mining (NASDAQ:SCZM) Releases Earnings Results, Misses Estimates By $0.11 EPS

Santacruz Silver Mining (NASDAQ:SCZM) issued its quarterly earnings data on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11), Zacks reports.

Santacruz Silver Mining Trading Down 10.3%

Santacruz Silver Mining stock traded down $1.00 during trading hours on Friday, hitting $8.70. 447,735 shares of the stock traded hands, compared to its average volume of 545,152. Santacruz Silver Mining has a 1 year low of $1.44 and a 1 year high of $17.65.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Maxim Group assumed coverage on Santacruz Silver Mining in a research note on Wednesday, April 8th. They set a “buy” rating and a $12.00 target price on the stock. Wall Street Zen upgraded Santacruz Silver Mining from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Zacks Research upgraded Santacruz Silver Mining to a “hold” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of Santacruz Silver Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.00.

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.