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Santacruz Silver Mining ( (TSE:SCZ) ) has issued an announcement.
Santacruz Silver Mining Ltd.’s Bolivian subsidiary, San Lucas S.A., has successfully completed the second tranche of its promissory note offering, raising a total of 140 million Bolivian Bolivianos. This move demonstrates strong support from the Bolivian investment community and aligns with Santacruz’s strategy to diversify funding sources, reinforcing its commitment to Bolivia and strengthening its capital structure to deliver long-term shareholder value.
The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.
Spark’s Take on TSE:SCZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCZ is a Outperform.
Santacruz Silver Mining’s overall score reflects strong technical indicators and positive corporate events, which are the most significant factors. The financial performance is solid, with improvements in profitability and revenue growth, though historical equity fluctuations require attention. The valuation is attractive, but the lack of a dividend yield is a minor drawback.
To see Spark’s full report on TSE:SCZ stock, click here.
More about Santacruz Silver Mining
Santacruz Silver Mining Ltd. is involved in the operation, acquisition, exploration, and development of mineral properties across Latin America. The company operates several mining complexes in Bolivia, including Bolivar, Porco, and Caballo Blanco, as well as the Zimapán mine in Mexico. It also manages the Soracaya exploration project and the San Lucas ore sourcing and trading business.
Average Trading Volume: 870,929
Technical Sentiment Signal: Buy
Current Market Cap: C$496.3M
Learn more about SCZ stock on TipRanks’ Stock Analysis page.