Sinda Ltd. (NYSE:SIND) Receives $18.83 Average Price Target from Analysts

Shares of Sinda Ltd. (NYSE:SIND) have earned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.8333.

A number of equities analysts have recently commented on SIND shares. Citigroup began coverage on Sinda in a research note on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price objective on the stock. Scotiabank raised Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. Canaccord Genuity Group initiated coverage on Sinda in a 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 research report on Saturday, August 15th. Finally, Zacks Research upgraded Sinda to a “hold” rating in a report on Tuesday, July 28th.

Hedge Funds Weigh In On Sinda

An institutional investor recently bought a new stake in Sinda stock. Bornite Capital Management LP purchased a new position in Sinda Ltd. (NYSE:SIND) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda comprises 0.3% of Bornite Capital Management LP’s investment portfolio, making the stock its 20th largest position. Bornite Capital Management LP owned about 0.13% of Sinda as of its most recent SEC filing.

Sinda Stock Performance

Shares of SIND stock opened at $15.26 on Wednesday. Sinda has a 12 month low of $10.03 and a 12 month high of $18.95. The company’s 50 day moving average is $14.81.

Sinda (NYSE:SIND) last posted its earnings results 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, sell-side analysts anticipate that Sinda will post -0.32 earnings per share 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.