Sinda (NYSE:SIND) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Sinda (NYSE:SIND) from a hold rating to a sell rating in a research report released on Saturday.

A number of other brokerages have also issued reports on SIND. Citigroup initiated coverage on Sinda in a research report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 target price on the stock. Scotiabank raised Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. UBS Group set a $19.00 price objective on Sinda in a report on Tuesday, July 21st. Zacks Research raised Sinda to a “hold” rating in a research note on Tuesday, July 28th. Finally, BMO Capital Markets began coverage on Sinda in a report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $18.20.

Sinda Trading Down 0.1%

Shares of SIND stock opened at $16.99 on Friday. Sinda has a 1-year low of $10.03 and a 1-year high of $18.13.

Sinda (NYSE:SIND) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Analysts forecast that Sinda will post -0.3 EPS for the current fiscal 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.