200,000 Shares in Sinda Ltd. $SIND Acquired by Bornite Capital Management LP

Bornite Capital Management LP bought a new position in Sinda Ltd. (NYSE:SIND) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda makes up approximately 0.3% of Bornite Capital Management LP’s investment portfolio, making the stock its 20th biggest holding.

Analyst Ratings Changes

Several research firms have recently weighed in on SIND. UBS Group set a $19.00 price target on shares of Sinda in a report on Tuesday, July 21st. Scotiabank raised Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. Zacks Research upgraded Sinda to a “hold” rating in a research report on Tuesday, July 28th. Canaccord Genuity Group began coverage on Sinda in a research note on Tuesday, August 18th. They issued a “speculative buy” rating and a $19.00 target price on the stock. Finally, BMO Capital Markets boosted their price objective on Sinda from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.83.

Sinda Trading Down 2.3%

NYSE SIND opened at $15.25 on Wednesday. The company’s 50-day moving average price is $14.27. Sinda Ltd. has a twelve month low of $10.03 and a twelve month high of $18.95.

Sinda (NYSE:SIND) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). On average, analysts predict that Sinda Ltd. will post -0.32 EPS for the current fiscal 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.