Sinda (NYSE:SIND) Raised to Hold at Zacks Research

Sinda (NYSE:SIND) was upgraded by research analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also commented on SIND. Citigroup began coverage on Sinda in a report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price target on the stock. Wall Street Zen downgraded Sinda from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. UBS Group set a $19.00 target price on Sinda in a research report on Tuesday, July 21st. Royal Bank Of Canada assumed coverage on Sinda in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 target price on the stock. Finally, Scotiabank raised shares of Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. One research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $18.20.

Sinda Stock Performance

SIND opened at $12.15 on Tuesday. Sinda has a 12 month low of $10.03 and a 12 month high of $15.00.

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.