As previously reported, Maxim analyst Tate Sullivan yesterday initiated coverage of Santacruz Silver Mining (SCZM) with a Buy rating and $12 price target The firm expects rising industrial demand in the western hemisphere for silver to be meaningful tailwinds for Santacruz’s six producing mines and an ore-trading platform, says the analyst, who forecasts 2026 revenue of $471M, up 44% year-over-year.
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