Brokerages Set Sinda Ltd. (NYSE:SIND) PT at $18.83

Shares of Sinda Ltd. (NYSE:SIND) have been given an average recommendation of “Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.8333.

Several analysts have recently issued reports on SIND shares. Citigroup initiated coverage on Sinda in a research note on Tuesday, July 21st. They set a “buy” rating and a $18.00 price target for the company. Scotiabank upgraded Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. Wall Street Zen cut Sinda from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Canaccord Genuity Group began coverage on Sinda in a report on Tuesday, August 18th. They set a “speculative buy” rating and a $19.00 price target on the stock. Finally, UBS Group set a $19.00 price target on Sinda in a report on Tuesday, July 21st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sinda stock. Bornite Capital Management LP bought a new position in Sinda Ltd. (NYSE:SIND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda accounts for about 0.3% of Bornite Capital Management LP’s portfolio, making the stock its 20th biggest position. Bornite Capital Management LP owned about 0.13% of Sinda at the end of the most recent quarter.

Sinda Price Performance

SIND stock opened at $14.27 on Wednesday. Sinda has a 1 year low of $10.03 and a 1 year high of $18.95. The firm has a fifty day simple moving average of $14.92.

Sinda (NYSE:SIND) last posted its earnings results on Friday, August 14th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Equities analysts forecast that Sinda will post -0.32 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.