Sinda Ltd. (NYSE:SIND) Stock Has Average Target Price of $18.83

Sinda Ltd. (NYSE:SIND - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.83.

Several analysts recently commented on SIND shares. Citigroup started 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. UBS Group set a $19.00 price objective on shares of Sinda in a research report on Tuesday, July 21st. Scotiabank raised shares of Sinda to a "strong-buy" rating in a research report on Thursday, July 23rd. BMO Capital Markets increased their target price on shares of Sinda from $16.00 to $19.00 and gave the stock an "outperform" rating in a research note on Monday, August 17th. Finally, Canaccord Genuity Group assumed 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.

Institutional Investors Weigh In On Sinda

An institutional investor recently bought a new position in Sinda stock. Bornite Capital Management LP acquired a new position in shares of Sinda Ltd. (NYSE:SIND - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 200,000 shares of the company's stock, valued at approximately $2,400,000. Sinda makes up 0.3% of Bornite Capital Management LP's investment portfolio, making the stock its 20th biggest holding. Bornite Capital Management LP owned approximately 0.13% of Sinda as of its most recent filing with the SEC.

Sinda Price Performance

NYSE SIND opened at $11.52 on Thursday. The firm has a 50-day moving average of $14.30. Sinda has a 12 month low of $10.03 and a 12 month high of $18.95. The firm has a market capitalization of $1.83 billion and a PE ratio of -88.62.

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