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

Shares of Sinda Ltd. (NYSE:SIND) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.83.

Several equities analysts have recently commented on SIND shares. Scotiabank raised shares of 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 report on Tuesday, July 21st. Weiss Ratings started coverage on Sinda in a research note on Monday, September 21st. They set a “sell (d)” rating on the stock. Wall Street Zen downgraded Sinda from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, BMO Capital Markets lifted their target price on Sinda from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th.

Sinda Stock Performance

NYSE SIND opened at $13.50 on Friday. Sinda has a 12 month low of $10.03 and a 12 month high of $18.95. The company’s fifty day moving average is $15.23.

Sinda (NYSE:SIND) last released its 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). On average, research analysts expect that Sinda will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Sinda

A hedge fund recently bought a new stake in Sinda stock. Bornite Capital Management LP bought a new stake in shares of Sinda Ltd. (NYSE:SIND) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda comprises about 0.3% of Bornite Capital Management LP’s investment portfolio, making the stock its 20th largest holding. Bornite Capital Management LP owned about 0.13% of Sinda as of its most recent SEC filing.

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.