What is Scotiabank's Forecast for Sinda FY2026 Earnings?

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Sinda to a loss of $0.24 per share from its previous estimate of $0.17, while maintaining a “Strong-Buy” rating. The revised forecast remains better than the consensus loss estimate of $0.32 per share.
• Sinda reported a quarterly loss of $0.13 per share, missing analysts’ $0.12 loss estimate by $0.01. Despite the miss, analysts’ consensus rating is “Buy,” with an average price target of $18.83.
• Sinda shares opened at $16.93, near the upper end of their $10.03–$18.13 one-year range, while Bornite Capital Management initiated a position by purchasing 200,000 shares worth approximately $2.4 million.

Sinda Ltd. (NYSE:SIND - Free Report) - Investment analysts at Scotiabank lowered their FY2026 earnings estimates for Sinda in a research note issued on Wednesday, August 19th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of ($0.24) for the year, down from their prior estimate of ($0.17). Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Sinda's current full-year earnings is ($0.32) per share.

Sinda (NYSE:SIND - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01).

Several other analysts have also issued reports on SIND. Royal Bank Of Canada started coverage on Sinda in a report on Tuesday, July 21st. They set an "outperform" rating and a $19.00 target price on the stock. Citigroup assumed coverage on Sinda in a research note on Tuesday, July 21st. They issued a "buy" rating and a $18.00 price target for the company. Zacks Research raised Sinda to a "hold" rating in a research report on Tuesday, July 28th. BMO Capital Markets upped their price objective on 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 initiated coverage on Sinda in a report on Tuesday, August 18th. They issued a "speculative buy" rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $18.83.

Sinda Stock Down 0.4%

Sinda stock opened at $16.93 on Monday. Sinda has a one year low of $10.03 and a one year high of $18.13.

Institutional Investors Weigh In On Sinda

A hedge fund recently bought a new position in Sinda stock. Bornite Capital Management LP purchased 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 Securities & Exchange Commission. The firm purchased 200,000 shares of the company's stock, valued at approximately $2,400,000. Sinda accounts for approximately 0.3% of Bornite Capital Management LP's investment portfolio, making the stock its 20th largest position. Bornite Capital Management LP owned 0.13% of Sinda as of its most recent filing with the Securities & Exchange Commission.

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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