Sinda Ltd. (NYSE:SIND) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Sinda Ltd. (NYSE:SIND) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.83.

Several brokerages have recently issued reports on SIND. Wall Street Zen cut Sinda from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. UBS Group set a $19.00 price target on Sinda in a research note on Tuesday, July 21st. Citigroup initiated coverage on Sinda in a report on Tuesday, July 21st. They set a “buy” rating and a $18.00 price target for the company. Canaccord Genuity Group assumed coverage on Sinda in a research note on Tuesday, August 18th. They issued a “speculative buy” rating and a $19.00 price objective on the stock. Finally, Weiss Ratings began coverage on Sinda in a report on Monday, September 21st. They set a “sell (d)” rating on the stock.

Hedge Funds Weigh In On Sinda

A hedge fund recently bought a new stake in Sinda stock. Bornite Capital Management LP purchased a new position in Sinda Ltd. (NYSE:SIND) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda makes up 0.3% of Bornite Capital Management LP’s portfolio, making the stock its 20th largest position. Bornite Capital Management LP owned approximately 0.13% of Sinda as of its most recent SEC filing.

Sinda Trading Down 0.0%

NYSE:SIND opened at $13.54 on Friday. The firm’s 50-day simple moving average is $15.27. The company has a market capitalization of $2.15 billion and a PE ratio of -104.18. Sinda has a 52 week low of $10.03 and a 52 week high of $18.95.

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 forecast that Sinda will post -0.32 EPS for the current year.

Sinda Company Profile

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.