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

Research analysts at Maxim Group started coverage on shares of Santacruz Silver Mining (NASDAQ:SCZM) in a research report issued on Wednesday,Benzinga reports. The firm set a “buy” rating and a $12.00 price target on the stock. Maxim Group’s target price would suggest a potential upside of 47.60% from the stock’s current price.

Santacruz Silver Mining Trading Up 2.4%

Shares of SCZM stock opened at $8.13 on Wednesday. Santacruz Silver Mining has a 12-month low of $1.24 and a 12-month high of $17.65.

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.