Sinda Ltd. (NYSE:SIND) Given Consensus Recommendation of “Buy” by Brokerages

Sinda Ltd. (NYSE:SIND) has been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.8333.

Several analysts recently issued reports on the company. Zacks Research upgraded Sinda to a “hold” rating in a report on Tuesday, July 28th. Canaccord Genuity Group assumed coverage on Sinda in a research note on Tuesday. They issued a “speculative buy” rating and a $19.00 price target for the company. Scotiabank raised Sinda to a “strong-buy” rating in a research report on Thursday, July 23rd. UBS Group set a $19.00 price objective on Sinda in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada assumed coverage on Sinda in a report on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 price objective for the company.

Sinda Price Performance

Sinda stock opened at $16.93 on Friday. Sinda has a 1-year low of $10.03 and a 1-year high of $18.13.

Sinda (NYSE:SIND) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). On average, research analysts anticipate that Sinda will post -0.28 EPS for the current fiscal year.

Institutional Trading of Sinda

An institutional investor recently bought a new position in Sinda stock. Bornite Capital Management LP acquired a new stake in Sinda Ltd. (NYSE:SIND) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda accounts for about 0.3% of Bornite Capital Management LP’s portfolio, 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.