Sinda Ltd. (NYSE:SIND) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts are broadly bullish on Sinda: six firms give the stock an average “Buy” rating, including four buys and one strong buy. The average 12-month price target is $18.20, versus a recent price of $16.99.
• Recent coverage includes price targets ranging from $16.00 to $19.00, with Scotiabank upgrading the shares to “strong buy” and RBC and BMO Capital Markets rating them “outperform.”
• Sinda reported a quarterly loss of $0.13 per share, slightly worse than the $0.12 consensus estimate; analysts expect a full-year loss of approximately $0.30 per share. The company is developing a large silver-gold mining project in Mexico.

Shares of Sinda Ltd. (NYSE:SIND - Get Free Report) have been assigned an average rating of "Buy" from the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.20.

A number of analysts have weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Sinda in a report on Tuesday, July 21st. They issued an "outperform" rating and a $19.00 price target for the company. Citigroup assumed coverage on shares of Sinda in a report on Tuesday, July 21st. They set a "buy" rating and a $18.00 price objective on the stock. Zacks Research raised shares of Sinda to a "hold" rating in a research report on Tuesday, July 28th. Scotiabank upgraded shares of Sinda to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets initiated coverage on Sinda in a research report on Tuesday, July 21st. They set an "outperform" rating and a $16.00 target price on the stock.

Sinda Price Performance

Shares of SIND stock opened at $16.99 on Friday. Sinda has a 12 month low of $10.03 and a 12 month 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 for the quarter, missing the consensus estimate of ($0.12) by ($0.01). As a group, analysts expect that Sinda will post -0.3 EPS 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.

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