Professional
Added to YB: 2025-01-23
Pitch date: 2025-01-21
SCZ.V [bullish]
Santacruz Silver Mining Ltd.
+996.77%
current return
Author Info
Atrium Research provides institutional quality research on underfollowed public equities. Sign up for the newsletter.
Company Info
Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America.
Market Cap
CAD 630.3M
Pitch Price
CAD 1.24
Price Target
0.90 (-94%)
Dividend
N/A
EV/EBITDA
6.57
P/E
10.29
EV/Sales
1.99
Sector
Metals and Mining
Category
value
Santacruz Silver – A Mispriced Multi-Asset Silver Producer
SCZ.V: Multi-asset Ag/Zn producer in Bolivia/Mexico. 4 mines, ore trading biz. Q3 OCF $30M, 2024E $79M. Net debt $46M, down from $176M. Trading at 1.9x 2025E CF vs peers 7.2x. Bull: diversified, cleaned balance sheet, cheap. Risks: political, high AISC (inflated by ore trading). PT C$0.90.
Read full article (28 min)