Sinda Ltd. (SIND) – What Are Analysts Saying About This Stock?

Shares of Sinda Ltd. (NYSE:SIND) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.83.

SIND has been the subject of several research reports. Royal Bank Of Canada began coverage on shares of Sinda in a report on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price target for the company. UBS Group set a $19.00 price objective on shares of Sinda in a research note on Tuesday, July 21st. Weiss Ratings began coverage on Sinda in a research note on Monday, September 21st. They set a “sell (d)” rating for the company. Scotiabank upgraded Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Sinda from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th.

Hedge Funds Weigh In On Sinda

A hedge fund recently bought a new position in Sinda stock. Bornite Capital Management LP acquired a new position in Sinda Ltd. (NYSE:SIND) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 portfolio, making the stock its 20th biggest position. Bornite Capital Management LP owned 0.13% of Sinda as of its most recent SEC filing.

Sinda Price Performance

Shares of Sinda stock opened at $11.91 on Thursday. Sinda has a 1 year low of $10.03 and a 1 year high of $18.95. The business has a 50-day simple moving average of $13.78.

Sinda (NYSE:SIND) last released its earnings results on Monday, November 2nd. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). On average, research analysts forecast that Sinda will post -0.32 earnings per share for the current year.

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.