Sinda Ltd. (NYSE:SIND) Given Consensus Rating of “Buy” by Brokerages

Shares of Sinda Ltd. (NYSE:SIND) have earned a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.20.

A number of research firms have weighed in on SIND. Citigroup assumed coverage on Sinda in a report on Tuesday, July 21st. They set a “buy” rating and a $18.00 price objective on the stock. Zacks Research raised Sinda to a “hold” rating in a report on Tuesday, July 28th. BMO Capital Markets started coverage on Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 target price for the company. Wall Street Zen lowered Sinda from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Scotiabank upgraded Sinda to a “strong-buy” rating in a research report on Thursday, July 23rd.

Sinda Stock Performance

Shares of Sinda stock opened at $16.99 on Friday. Sinda has a twelve month low of $10.03 and a twelve month high of $18.13.

Sinda (NYSE:SIND) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). As a group, analysts expect that Sinda will post -0.3 earnings per share for the current 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.