Sinda (NYSE:SIND) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Sinda from “hold” to “sell,” contrasting with the broader analyst consensus of “Buy” and an average price target of $18.20.
• Other analysts remain positive: RBC and UBS set $19 targets, Citigroup set an $18 target, and Scotiabank assigned a “strong-buy” rating.
• Sinda opened at $16.99 and recently reported a quarterly loss of $0.13 per share, missing the $0.12 consensus estimate; analysts expect a full-year loss of $0.30 per share.

Sinda (NYSE:SIND - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

A number of other research analysts have also recently commented on SIND. Royal Bank Of Canada began coverage on shares of Sinda in a report on Tuesday, July 21st. They issued an "outperform" rating and a $19.00 price target on the stock. Citigroup initiated coverage on shares of Sinda in a report on Tuesday, July 21st. They set a "buy" rating and a $18.00 price objective for the company. Scotiabank raised shares of Sinda to a "strong-buy" rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Sinda to a "hold" rating in a research report on Tuesday, July 28th. Finally, UBS Group set a $19.00 target price on shares of Sinda in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $18.20.

Sinda Stock Down 0.1%

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

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 analysts' consensus estimates of ($0.12) by ($0.01). On average, equities analysts expect that Sinda will post -0.3 EPS for the current year.

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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