Sinda Ltd. (NYSE:SIND) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts have a consensus “Buy” rating on Sinda, with five buy ratings, one strong-buy, and one hold among seven firms. The average 12-month price target is $18.83, implying upside from the reported $16.26 share price.
• Sinda’s stock was trading within a 52-week range of $10.03 to $18.95, with a 50-day moving average of $14.58. The company slightly missed its latest quarterly EPS estimate, reporting a loss of $0.13 versus the expected loss of $0.12.
• Hedge fund Bornite Capital Management established a new position of 200,000 shares valued at approximately $2.4 million. Sinda is developing a large silver-gold exploration project in Mexico’s Guanajuato silver belt.

Shares of Sinda Ltd. (NYSE:SIND - Get Free Report) have been assigned an average recommendation of "Buy" from the seven research 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 assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.8333.

SIND has been the subject of several research reports. Citigroup began coverage on shares of Sinda in a research report on Tuesday, July 21st. They issued a "buy" rating and a $18.00 price target for the company. BMO Capital Markets raised their price objective on shares of Sinda from $16.00 to $19.00 and gave the company an "outperform" rating in a research note on Monday, August 17th. Scotiabank upgraded shares of Sinda to a "strong-buy" rating in a report on Thursday, July 23rd. Zacks Research raised shares of Sinda to a "hold" rating in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada started coverage on shares of Sinda in a report on Tuesday, July 21st. They issued an "outperform" rating and a $19.00 target price on the stock.

Sinda Stock Performance

Shares of NYSE:SIND opened at $16.26 on Wednesday. The business has a 50 day moving average price of $14.58. Sinda has a 52-week low of $10.03 and a 52-week high of $18.95.

Sinda (NYSE:SIND - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Equities research analysts anticipate that Sinda will post -0.32 earnings per share for the current year.

Institutional Trading of Sinda

A hedge fund recently bought a new position in Sinda stock. Bornite Capital Management LP bought a new stake in Sinda Ltd. (NYSE:SIND - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 200,000 shares of the company's stock, valued at approximately $2,400,000. Sinda makes up approximately 0.3% of Bornite Capital Management LP's investment portfolio, making the stock its 20th biggest position. Bornite Capital Management LP owned approximately 0.13% of Sinda at the end of the most recent reporting period.

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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