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

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

SIND has been the topic of a number of other research reports. UBS Group set a $19.00 target price on Sinda in a report on Tuesday, July 21st. Zacks Research raised Sinda to a “hold” rating in a report on Tuesday, July 28th. Royal Bank Of Canada assumed coverage on Sinda in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 price objective on the stock. Scotiabank raised Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets started coverage on Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Sinda presently has an average rating of “Buy” and a consensus price target of $18.20.

Sinda Stock Performance

SIND stock opened at $16.99 on Friday. Sinda has a 12 month low of $10.03 and a 12 month high of $18.13.

Sinda (NYSE:SIND) last issued its quarterly earnings data 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). As a group, sell-side 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.