Sinda (NYSE:SIND) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Sinda (NYSE:SIND) to a hold rating in a report published on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Citigroup initiated coverage on Sinda in a report on Tuesday, July 21st. They set a “buy” rating and a $18.00 price target on the stock. UBS Group set a $19.00 target price on shares of Sinda in a research report on Tuesday, July 21st. Scotiabank upgraded shares of Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada initiated coverage on Sinda in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 price target on the stock. Finally, BMO Capital Markets started coverage on Sinda in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $18.20.

Sinda Stock Down 3.7%

Shares of NYSE SIND opened at $12.15 on Tuesday. Sinda has a 52 week low of $10.03 and a 52 week high of $15.00.

Sinda Company Profile

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.