Sinda (NYSE:SIND) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Sinda (NYSE:SIND) from a hold rating to a sell rating in a report released on Saturday.

Several other brokerages have also recently weighed in on SIND. BMO Capital Markets started coverage on shares of Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 price target for the company. Royal Bank Of Canada began coverage on shares of Sinda in a research note on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price objective for the company. UBS Group set a $19.00 target price on shares of Sinda in a report on Tuesday, July 21st. Zacks Research raised Sinda to a “hold” rating in a research note on Tuesday, July 28th. Finally, Citigroup initiated coverage on Sinda in a report on Tuesday, July 21st. They set a “buy” rating and a $18.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.80.

Sinda Price Performance

NYSE SIND opened at $16.66 on Friday. Sinda has a 1-year low of $10.03 and a 1-year high of $18.13.

Sinda (NYSE:SIND) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). As a group, research analysts predict that Sinda will post -0.3 EPS for the current fiscal year.

About Sinda

We hold title to, or have exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery located in the historic Guanajuato epithermal silver belt of Mexico (the “Sinda Property” or the “Project”). The Sinda Property is a large primary silver asset that we believe has the potential to be a globally significant mining operation. The Sinda Property is located approximately 22 miles (35 kilometers) from the colonial city of San Miguel de Allende in the Mexican state of Guanajuato, approximately 180 miles (290 kilometers) northwest of Mexico City and 28 miles (45 kilometers) southeast of the Guanajuato Mining District, in close proximity to several of the world’s largest and historically most productive silver deposits and mines.