BMO Capital Markets Forecasts Strong Price Appreciation for Sinda (NYSE:SIND) Stock

Key Points

• BMO Capital Markets raised Sinda’s price target from $16 to $19 and maintained an “outperform” rating, implying 11.83% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average price target of $18.80, although ratings range from “Strong Buy” to “Sell.”
• Sinda reported quarterly EPS of ($0.13), slightly missing the ($0.12) consensus estimate; shares opened at $16.99, compared with a 52-week range of $10.03 to $18.13.

Sinda (NYSE:SIND - Get Free Report) had its price objective boosted by investment analysts at BMO Capital Markets from $16.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 11.83% from the stock's previous close.

A number of other equities research analysts also recently commented on the stock. Zacks Research upgraded shares of Sinda to a "hold" rating in a research report on Tuesday, July 28th. Wall Street Zen cut Sinda from a "hold" rating to a "sell" rating in a report on Saturday. UBS Group set a $19.00 price objective on Sinda in a research note on Tuesday, July 21st. Scotiabank raised Sinda to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada started coverage on Sinda in a research report on Tuesday, July 21st. They set an "outperform" rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $18.80.

Sinda Stock Performance

Shares of SIND opened at $16.99 on Monday. Sinda has a 52-week low of $10.03 and a 52-week high of $18.13.

Sinda (NYSE:SIND - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Equities analysts expect that Sinda will post -0.3 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.

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