Sinda Ltd. (NYSE:SIND) Receives Average Rating of “Buy” from Brokerages

Shares of Sinda Ltd. (NYSE:SIND) have earned an average recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.60.

SIND has been the topic of a number of research reports. BMO Capital Markets began coverage on Sinda in a research note on Tuesday. They issued an “outperform” rating and a $16.00 price objective on the stock. Wall Street Zen upgraded shares of Sinda to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada initiated coverage on shares of Sinda in a research report on Tuesday. They issued an “outperform” rating and a $19.00 price target on the stock. UBS Group set a $19.00 price objective on shares of Sinda in a report on Tuesday. Finally, Citigroup assumed coverage on shares of Sinda in a research note on Tuesday. They issued a “buy” rating for the company.

Sinda Price Performance

NYSE:SIND opened at $12.57 on Tuesday. Sinda has a 12 month low of $10.80 and a 12 month high of $14.99.

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.