Sinda (NYSE:SIND) Issues Quarterly Earnings Results, Meets Expectations

Sinda (NYSE:SIND) released its quarterly earnings results on Monday. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10), Zacks reports.

Sinda Trading Down 0.1%

Sinda stock opened at $11.68 on Monday. The company has a market cap of $1.85 billion and a price-to-earnings ratio of -89.85. The stock’s 50 day moving average price is $14.12. Sinda has a 52-week low of $10.03 and a 52-week high of $18.95.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group began coverage on shares of Sinda in a research report on Tuesday, August 18th. They issued a “speculative buy” rating and a $19.00 target price on the stock. Wall Street Zen downgraded Sinda from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Citigroup assumed coverage on Sinda in a report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Research upgraded shares of Sinda to a “hold” rating in a research report on Tuesday, July 28th. Finally, Scotiabank upgraded shares of Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.83.

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.