Sinda (NYSE:SIND) Price Target Raised to $19.00

Sinda (NYSE:SIND) had its target price lifted by research analysts at BMO Capital Markets from $16.00 to $19.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 11.83% from the company’s previous close.

Several other research firms have also recently weighed in on SIND. Wall Street Zen cut Sinda from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group set a $19.00 price objective on shares of Sinda in a research report on Tuesday, July 21st. Scotiabank upgraded shares of Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. Citigroup initiated coverage on Sinda in a research report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Royal Bank Of Canada initiated coverage on Sinda in a report on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.80.

Sinda Trading Up 2.5%

Sinda stock opened at $16.99 on Monday. Sinda has a 1 year low of $10.03 and a 1 year high of $18.13.

Sinda (NYSE:SIND) last issued its earnings results 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). Equities research analysts anticipate that Sinda will post -0.3 earnings per share 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.