Santacruz Silver Mining (SCZ) AI Stock Analysis

• Market Cap: C$1.45B
• Dividend Yield: N/A
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): 13.6
• Beta (1Y): 3.48
• Revenue Growth: 21.03%
• EPS Growth: -48.39%
• Country: CA
• Employees: 455
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): 0.28
• Shares Outstanding: 91,497,185
• 10 Day Avg. Volume: 1,827,079
• 30 Day Avg. Volume: 1,735,448
• PEG Ratio: <0.01
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 2.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$3.10
• Price Target Upside: -80.91% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$18.00 ▲(10.84% Upside)

The score is driven primarily by strong financial performance (rapid TTM revenue growth, robust profitability, solid cash conversion, and low leverage). Technicals add support with a strong uptrend and positive MACD, though near-overbought RSI/Stoch readings raise short-term pullback risk. Valuation is reasonable on P/E, but no dividend yield data reduces support from income valuation.

Positive Factors

Strong revenue and margins

Sustained TTM revenue growth alongside robust gross and net margins indicates an effective operating model and improved cost control. Over the medium term this supports reinvestment capacity, durable operating profitability, and resilience to volume fluctuations if trends hold.

Conservative leverage and high ROE

Very low leverage combined with a strong ROE signals efficient use of capital and financial flexibility. Conservative debt levels reduce interest burden and support funding for exploration/development, enhancing solvency and capacity to pursue growth without excessive financing risk.

Healthy cash generation

Strong cash conversion and positive free cash flow growth indicate the company turns accounting profits into real cash, supporting capex, debt servicing and project financing. Reliable cash generation underpins sustainable operations and strategic investment capacity over time.

Negative Factors

Historical volatility in results

Recurrent volatility in revenue, profitability and cash flows reduces earnings predictability and complicates capital allocation. Over the medium term such swings can constrain investment, raise financing costs in downturns, and weaken stakeholder confidence in forecasts.

Declining EPS

A nearly 48% decline in EPS despite revenue gains points to earnings pressure from costs, one-offs or dilution. Persistent EPS contraction limits retained earnings, reduces internal funding for projects, and undermines the sustainability of profit growth over time.

Commodity price exposure

Revenue and margins are materially tied to silver and metal prices, creating structural earnings volatility beyond operational control. Long-term profitability depends on commodity cycles, requiring disciplined cost management and potential hedging to preserve margins across cycles.

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 deposits. It holds interests in the Zimapan Mine that consists of 34 mining concessions covering an area of 5,139 hectares located in Hidalgo, Mexico; and two exploration properties, which include the La Pechuga Property and the Santa Gorgonia Prospect. The company was formerly known as Forte Resources Inc. and changed its name to Santacruz Silver Mining Ltd. in April 2012. Santacruz Silver Mining Ltd. was incorporated in 2011 and is based in Vancouver, Canada.

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, where it extracts valuable minerals and sells them to metal purchasers and refiners. Key revenue streams include the direct sale of silver, gold, and other by-products obtained during the mining process. Additionally, Santacruz may enter into strategic partnerships or joint ventures with other mining companies or stakeholders to enhance its operational capabilities and expand its market reach. Fluctuations in the global prices of silver and other metals, as well as the efficiency of its mining operations, play significant roles in the company's overall earnings.

Santacruz Silver Mining Financial Statement Overview

Summary

Santacruz Silver Mining demonstrates strong recent financial performance with significant revenue and profit growth, efficient operations, and prudent financial management. However, historical volatility in income and cash flows, along with past leverage issues, suggest the need for cautious optimism.

Income Statement

Santacruz Silver Mining has shown impressive revenue growth with a TTM increase of 93.4%. The gross profit margin improved to 28.1%, and the net profit margin is strong at 14.9%. The EBIT and EBITDA margins are robust at 30.8% and 37.5%, respectively, indicating efficient operations. However, past fluctuations in net income and margins suggest potential volatility.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.057, reflecting prudent financial leverage. The return on equity is strong at 32.1%, indicating effective use of equity to generate profits. The equity ratio stands at 44.0%, showing a solid equity base. Historical high leverage and negative equity in past years highlight potential risks.

Cash Flow

Free cash flow growth is significant at 87.7%, and the free cash flow to net income ratio is healthy at 52.1%. The operating cash flow to net income ratio is 69.2%, indicating good cash conversion. Despite strong recent performance, past negative cash flows and fluctuations suggest caution.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	305.27M	282.99M	251.26M	278.59M	53.33M	33.10M
Gross Profit	106.28M	76.93M	63.98M	22.87M	10.30M	988.00K
EBITDA	133.11M	52.52M	50.70M	4.91M	-815.00K	111.00K
Net Income	82.80M	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	49.71M	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

• Technical Analysis Sentiment: Positive
• Last Price: 16.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCZ, the sentiment is Positive. The current price of 16.24 is above the 20-day moving average (MA) of 13.91, above the 50-day MA of 11.37, and above the 200-day MA of 6.90, indicating a bullish trend. The MACD of 1.20 indicates Negative momentum. The RSI at 67.43 is Neutral, neither overbought nor oversold. The STOCH value of 80.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SCZ.

Santacruz Silver Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APM	77 Outperform	C$1.56B	14.65	42.17%	―	33.21%	47.22%
SCZ	76 Outperform	C$1.45B	13.55	47.13%	―	21.03%	-48.39%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DV	56 Neutral	C$637.56M	-20.98	-26.19%	―	―	-5.25%
APGO	53 Neutral	C$314.79M	-35.13	-130.74%	―	―	-135.80%
SVRS	52 Neutral	C$408.65M	-20.88	-43.69%	―	―	-175.76%
GSVR	52 Neutral	C$504.53M	-19.12	-111.62%	―	5.58%	50.96%

Santacruz Silver Mining Corporate Events

Santacruz Silver Grants RSUs to Director Under Equity Incentive Plan

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 common share. The RSU issuance, classified as a related-party transaction under Canadian securities rules, proceeds under available exemptions from formal valuation and minority shareholder approval, underscoring the company’s continued use of equity-based compensation to align insider interests with long-term shareholder value as it advances its silver mining operations in Latin America.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Santacruz Silver Prepares for Nasdaq Listing with Share Consolidation

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’s listing requirements by increasing the share price. This move is expected to take effect on December 10, 2025, pending final approval from the TSX Venture Exchange. The consolidation is a strategic step to enhance the company’s market presence and potentially attract more investors.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Santacruz Silver Mining Reports Transformative Q3 2025 Results

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 year-over-year, despite a 7% decrease in net income. The quarter was marked by the final payment for the acquisition of Bolivian assets, eliminating a major liability and strengthening the balance sheet. Operationally, production remained steady, with challenges at the Bolívar mine being addressed through remediation efforts. The company is focused on operational efficiency and long-term value creation, despite increased costs due to various factors.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Santacruz Silver Mining Announces 2025 AGM Results and Nasdaq Listing Plans

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 aimed at meeting Nasdaq’s listing requirements, signaling a strategic move to enhance the company’s market positioning.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Santacruz Silver Mining Appoints Bruce Wolfson to Board Amid Leadership Transition

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 positions itself for long-term growth. His expertise in Latin America and global investment will be instrumental in advancing the company’s strategic objectives. Concurrently, Roland Löhner will step down from the board after over a decade of service, during which he provided significant guidance and support through transformative periods for the company.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Santacruz Silver Mining Reports Q3 2025 Production Amid Bolívar Mine Challenges

Santacruz Silver Mining Ltd. reported a production of 3,424,817 silver equivalent ounces in Q3 2025, with significant contributions from its Bolivian and Mexican operations. The company faced challenges at the Bolívar mine due to a water inflow event, which restricted access to high silver grade areas. In response, Santacruz has been enhancing its pumping system to facilitate dewatering and expects to resume production in these areas by February 2026. Despite these challenges, the company maintained steady production through strong performances at other sites, indicating resilience and adaptability in its operations.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$3.10 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Santacruz Silver Mining Aims for Nasdaq Listing Amid Strategic Growth Plans

Santacruz Silver Mining Ltd. has announced its intention to list its common shares on the Nasdaq Capital Market, marking a significant milestone in its growth strategy. The company aims to increase transparency, liquidity, and visibility within the U.S. capital markets, thereby strengthening its position as a leading silver producer. At the upcoming Annual General and Special Meeting, shareholders will vote on a proposed share consolidation to meet Nasdaq’s listing requirements, which could impact the number of shares outstanding and enhance shareholder value.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$3.10 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.