Santacruz Silver Mining Ltd (TSE:SCZ)
:SCZ
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Santacruz Silver Mining
(SCZ)
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Rating:73Outperform
Price Target:
C$19.00
▲(74.63% Upside)
Action:ReiteratedDate:01/24/26
The score is driven primarily by strong financial performance (rapid revenue growth, high profitability, solid cash conversion, and low leverage). Technicals support an uptrend, but overbought momentum signals raise near-term risk. Valuation is moderate (P/E ~18) with no dividend data to enhance the profile.
Positive Factors
Strong revenue growth & margins
Sustained high revenue growth alongside strong gross, EBIT and net margins indicates the company is scaling productive underground operations while controlling costs. Durable margin expansion improves cash generation and funds reinvestment, lowering reliance on external financing across cycles.
Negative Factors
Historical volatility in metrics
The firm's past variability in revenue, cash flow and capital structure signals operational and market sensitivity—common in mining. Such volatility complicates multi‑period planning, increases forecasting risk for capital projects, and can strain liquidity during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth & margins
Sustained high revenue growth alongside strong gross, EBIT and net margins indicates the company is scaling productive underground operations while controlling costs. Durable margin expansion improves cash generation and funds reinvestment, lowering reliance on external financing across cycles.
Read all positive factors
Santacruz Silver Mining (SCZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.00B
Dividend YieldN/A
Average Volume (3M)1.74M
Price to Earnings (P/E)10.9
Beta (1Y)3.64
Revenue Growth21.03%
EPS Growth-48.39%
CountryCA
Employees455
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)N/A
Shares Outstanding92,024,630
10 Day Avg. Volume1,827,079
30 Day Avg. Volume1,735,448
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.52
Price to Sales (P/S)0.24
P/FCF Ratio2.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$34.20Price Target Upside214.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Santacruz Silver Mining Business Overview & Revenue Model
Company Description
Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company primarily explores for silver and zinc, as well as lead and copper depos...
How the Company Makes Money
Santacruz Silver Mining generates revenue primarily through the extraction and sale of silver and other metals from its mining projects in Mexico. The company operates several properties, including the Rosario project and the Veta Grande project, ...
Santacruz Silver Mining Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 305.27M | 282.99M | 251.26M | 278.59M | 53.33M | 33.10M |
| Gross Profit | 99.62M | 76.93M | 63.98M | 22.87M | 10.30M | 988.00K |
| EBITDA | 123.78M | 52.52M | 50.70M | 4.91M | -815.00K | 111.00K |
| Net Income | 76.63M | 164.48M | 16.15M | -18.51M | -11.56M | -1.49M |
Balance Sheet | ||||||
| Total Assets | 398.54M | 374.02M | 339.04M | 337.52M | 60.91M | 32.83M |
| Cash, Cash Equivalents and Short-Term Investments | 53.43M | 35.72M | 5.01M | 7.38M | 5.04M | 430.00K |
| Total Debt | 34.20M | 3.35M | 17.77M | 22.21M | 12.34M | 6.76M |
| Total Liabilities | 215.30M | 242.68M | 333.62M | 350.56M | 58.18M | 42.25M |
| Stockholders Equity | 183.24M | 131.35M | 5.42M | -13.04M | 2.74M | -9.42M |
Cash Flow | ||||||
| Free Cash Flow | 66.07M | 31.81M | 8.10M | 13.60M | -25.07M | -6.45M |
| Operating Cash Flow | 97.81M | 54.43M | 29.77M | 29.37M | -1.47M | -4.81M |
| Investing Cash Flow | -100.17M | -20.92M | -23.13M | -2.34M | -21.10M | -2.63M |
| Financing Cash Flow | 25.11M | -2.55M | -6.30M | -23.34M | 22.90M | 7.76M |
Santacruz Silver Mining Technical Analysis
Negative
10.88
Price Trends
14.52
Negative
13.24
Negative
10.12
Positive
Market Momentum
-0.96
Negative
41.99
Neutral
71.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCZ, the sentiment is Negative. The current price of 10.88 is below the 20-day moving average (MA) of 11.70, below the 50-day MA of 14.52, and above the 200-day MA of 10.12, indicating a neutral trend. The MACD of -0.96 indicates Negative momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 71.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SCZ.
Santacruz Silver Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$1.03B | 5.08 | 20.32% | ― | 33.21% | 47.22% | |
73 Outperform | C$1.00B | 10.91 | 49.53% | ― | 21.03% | -48.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$442.79M | -8.58 | -108.87% | ― | 5.58% | 50.96% | |
44 Neutral | C$211.03M | -25.41 | -57.01% | ― | ― | -135.80% | |
42 Neutral | C$367.70M | -27.05 | -41.51% | ― | ― | -175.76% |
* General Sector Average
TSE:SCZ
Santacruz Silver Mining
10.88
9.36
615.79%
TSE:SVRS
Silver Storm Mining
0.47
0.34
272.00%
TSE:APGO
Apollo Gold
3.34
1.99
147.41%
TSE:GSVR
Guanajuato Silver Company
0.61
0.46
320.69%
TSE:APM
Andean Precious Metals
6.85
5.51
411.19%
Santacruz Silver Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
Santacruz Silver Lifts Q4 Output as Bolívar Mine Recovery Gains Traction
Positive
Jan 26, 2026
Santacruz Silver reported fourth-quarter 2025 production of 3,739,019 silver-equivalent ounces, including 1,343,607 ounces of silver, 23,846 tonnes of zinc, 3,000 tonnes of lead and 287 tonnes of copper, representing a 9% quarter-on-quarter increa...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Santacruz Silver Grants RSUs to Director Under Equity Incentive Plan
Neutral
Jan 5, 2026
Santacruz Silver Mining has granted 39,000 restricted share units to one of its directors under its Omnibus Equity Incentive Plan, with the awards vesting in equal thirds on each anniversary of the grant and each vested unit convertible into one c...
Delistings and Listing ChangesStock Split
Santacruz Silver Prepares for Nasdaq Listing with Share Consolidation
Positive
Dec 8, 2025
Santacruz Silver Mining Ltd. has announced a share consolidation as part of its plan to list on the Nasdaq Capital Market. The consolidation, which will convert four pre-consolidated shares into one post-consolidation share, aims to meet Nasdaq...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Santacruz Silver Mining Reports Transformative Q3 2025 Results
Positive
Nov 27, 2025
Santacruz Silver Mining Ltd. reported its financial results for the third quarter of 2025, highlighting a transformative period with significant financial improvements. The company achieved a 2% increase in revenue and a 28% rise in gross profit y...
Business Operations and StrategyDelistings and Listing ChangesShareholder Meetings
Santacruz Silver Mining Announces 2025 AGM Results and Nasdaq Listing Plans
Positive
Nov 26, 2025
Santacruz Silver Mining Ltd. announced the results of its 2025 Annual General and Special Meeting, where shareholders approved all matters, including the re-election of directors and a proposed consolidation of common shares. This consolidation is...
Business Operations and StrategyExecutive/Board Changes
Santacruz Silver Mining Appoints Bruce Wolfson to Board Amid Leadership Transition
Positive
Nov 17, 2025
Santacruz Silver Mining Ltd. has announced the appointment of Bruce Wolfson to its board of directors. With over 40 years of experience in international finance and emerging markets, Wolfson is expected to bring valuable insights as Santacruz posi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.