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

Key Points

• Analysts rate Sinda “Moderate Buy”, with five buy ratings, one strong-buy, one hold and one sell among eight covering firms. The average 12-month price target is $18.83, versus a recent share price of $14.06.
• Sinda shares have traded between $10.03 and $18.95 over the past year, while the 50-day moving average stands at $15.24. The company reported a quarterly loss of $0.13 per share, slightly worse than the $0.12 consensus estimate.
• Bornite Capital Management recently acquired 200,000 shares valued at approximately $2.4 million, representing about 0.13% of Sinda. The company 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 a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.83.

Several research firms recently commented on SIND. Royal Bank Of Canada initiated coverage on Sinda in a report on Tuesday, July 21st. They set an "outperform" rating and a $19.00 target price on the stock. Zacks Research raised Sinda to a "hold" rating in a report on Tuesday, July 28th. Scotiabank upgraded Sinda to a "strong-buy" rating in a research report on Thursday, July 23rd. Wall Street Zen lowered Sinda from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings began coverage on shares of Sinda in a research note on Monday, September 21st. They set a "sell (d)" rating on the stock.

Sinda Price Performance

Shares of Sinda stock opened at $14.06 on Friday. The business's fifty day simple moving average is $15.24. Sinda has a 1 year low of $10.03 and a 1 year high of $18.95.

Sinda (NYSE:SIND - Get Free Report) last announced its quarterly 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). As a group, equities analysts anticipate that Sinda will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Sinda

A hedge fund recently bought a new stake in Sinda stock. Bornite Capital Management LP acquired a new stake in Sinda Ltd. (NYSE:SIND - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 holdings, making the stock its 20th largest position. Bornite Capital Management LP owned about 0.13% of Sinda at the end of the most recent quarter.

About Sinda

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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