Sinda (NYSE:SIND) Stock Rating Lowered by Wall Street Zen

Sinda (NYSE:SIND) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

SIND has been the subject of a number of other reports. UBS Group set a $19.00 price objective on shares of Sinda in a research note on Tuesday, July 21st. Citigroup started coverage on Sinda in a research note on Tuesday, July 21st. They issued a “buy” rating and a $18.00 target price on the stock. BMO Capital Markets assumed coverage on Sinda in a report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock. Royal Bank Of Canada assumed coverage on Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price target for the company. Finally, Scotiabank initiated coverage on Sinda in a report on Tuesday, July 21st. They issued a “sector outperform” rating and a $19.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Sinda has a consensus rating of “Buy” and an average price target of $18.20.

Sinda Price Performance

Shares of SIND opened at $13.94 on Friday. Sinda has a 12-month low of $10.80 and a 12-month high of $15.00.

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.