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Santacruz Silver Mining
(SCZ)
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Rating:70Outperform
Price Target:
C$14.50
▲(9.35% Upside)
Action:Reiterated
Date:08/27/26
The score is primarily supported by improved TTM profitability and a generally solid balance sheet, alongside strong upward technical trends with bullish momentum. Offsetting these positives are weaker cash-flow momentum and only moderate cash conversion, plus a valuation that is not especially compelling given the stock’s very high beta and lack of dividend yield data.
Positive Factors
Meaningful Revenue Scale-Up
Revenue growth of 38.3% indicates meaningful expansion in the operating base. For a mining company, sustained scale can improve fixed-cost absorption and strengthen earnings potential if production volumes and metal recoveries remain reliable.
Negative Factors
Weakening Free Cash Flow
The sharp decline in free cash flow and conversion below half of net income suggest working-capital swings or elevated reinvestment needs. If persistent, this could limit internally funded growth and increase reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful Revenue Scale-Up
Revenue growth of 38.3% indicates meaningful expansion in the operating base. For a mining company, sustained scale can improve fixed-cost absorption and strengthen earnings potential if production volumes and metal recoveries remain reliable.
Read all positive factors
Santacruz Silver Mining (SCZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.34B
Dividend YieldN/A
Average Volume (3M)234.03K
Price to Earnings (P/E)20.9
Beta (1Y)3.88
Revenue Growth38.31%
EPS Growth-37.20%
CountryCA
Employees455
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)0.46
Shares Outstanding92,990,290
10 Day Avg. Volume190,913
30 Day Avg. Volume234,029
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)4.83
Price to Sales (P/S)2.65
P/FCF Ratio17.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.42Price Target Upside53.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.06
Revenue Forecast (FY)C$478.70M
Santacruz Silver Mining Business Overview & Revenue Model
Company Description
Santacruz Silver Mining Ltd., operating through its various subsidiaries, specializes in the complete lifecycle of mineral properties within Mexico, from their initial acquisition and exploration to their development and ongoing operation. The com...
How the Company Makes Money
Santacruz Silver Mining primarily makes money by producing and selling metal output from its mining operations. Its main revenue stream is the sale of silver, typically in the form of concentrates and/or dore (depending on the specific operation a...
Santacruz Silver Mining Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
73
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 420.83M | 326.38M | 282.99M | 251.26M | 278.59M | 53.33M |
| Gross Profit | 148.21M | 109.40M | 76.93M | 63.98M | 22.87M | 10.30M |
| EBITDA | 144.07M | 99.01M | 52.52M | 50.70M | 4.91M | -815.00K |
| Net Income | 42.22M | 42.22M | 164.48M | 16.15M | -18.51M | -11.56M |
Balance Sheet | ||||||
| Total Assets | 489.38M | 445.77M | 374.02M | 339.04M | 337.52M | 60.91M |
| Cash, Cash Equivalents and Short-Term Investments | 66.91M | 60.93M | 35.72M | 5.01M | 7.38M | 5.04M |
| Total Debt | 45.09M | 1.56M | 3.35M | 17.77M | 22.21M | 12.34M |
| Total Liabilities | 276.64M | 266.71M | 242.68M | 333.62M | 350.56M | 58.18M |
| Stockholders Equity | 212.74M | 179.06M | 131.35M | 5.42M | -13.04M | 2.74M |
Cash Flow | ||||||
| Free Cash Flow | 36.64M | 48.49M | 31.81M | 8.10M | 13.60M | -25.07M |
| Operating Cash Flow | 75.89M | 79.11M | 54.43M | 29.77M | 29.37M | -1.47M |
| Investing Cash Flow | -77.77M | -92.44M | -20.92M | -23.13M | -2.34M | -21.10M |
| Financing Cash Flow | 12.20M | 21.74M | -2.55M | -6.30M | -23.34M | 22.90M |
Santacruz Silver Mining Technical Analysis
Positive
13.26
Price Trends
11.00
Positive
10.97
Positive
12.29
Positive
Market Momentum
0.84
Positive
65.52
Neutral
73.44
Neutral
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 13.26 is above the 20-day moving average (MA) of 13.15, above the 50-day MA of 11.00, and above the 200-day MA of 12.29, indicating a bullish trend. The MACD of 0.84 indicates Positive momentum. The RSI at 65.52 is Neutral, neither overbought nor oversold. The STOCH value of 73.44 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$1.06B | 4.28 | 18.47% | ― | 62.75% | 181.92% | |
70 Outperform | C$1.34B | 20.94 | 21.53% | ― | 38.31% | -37.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$200.29M | -12.33 | -39.97% | ― | ― | -125.32% | |
48 Neutral | C$461.29M | -15.63 | -42.64% | ― | ― | -42.53% | |
46 Neutral | C$349.15M | -6.07 | -59.58% | ― | 59.54% | -45.48% |
* General Sector Average
TSE:SCZ
Santacruz Silver Mining
13.34
4.14
45.00%
TSE:SVRS
Silver Storm Mining
0.50
0.26
108.33%
TSE:APGO
Apollo Gold
3.55
0.35
10.97%
TSE:GSVR
Guanajuato Silver Company
0.45
>-0.01
-1.11%
TSE:APM
Andean Precious Metals
6.89
-0.12
-1.71%
Santacruz Silver Mining Corporate Events
Business Operations and StrategyExecutive/Board Changes
Santacruz Silver Awards New Equity Incentives to Management and Staff
Positive
Aug 6, 2026
Santacruz Silver Mining has granted a total of 304,000 performance share units, 296,000 restricted share units and 60,000 deferred share units to directors, officers and employees under its Omnibus Equity Incentive Plan. The PSUs vest based on per...
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.