Sinda (NYSE:SIND) Posts Earnings Results, Hits Expectations

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

Sinda Trading Down 1.4%

NYSE SIND opened at $11.52 on Tuesday. The company has a fifty day simple moving average of $14.02. Sinda has a one year low of $10.03 and a one year high of $18.95.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings began coverage on shares of Sinda in a report on Monday, September 21st. They set a “sell (d)” rating for the company. Zacks Research raised Sinda to a “hold” rating in a report on Tuesday, July 28th. Wall Street Zen cut Sinda from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Royal Bank Of Canada began coverage on Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price objective for the company. Finally, Scotiabank upgraded 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.