Sinda (NYSE:SIND) Coverage Initiated by Analysts at Scotiabank

Analysts at Scotiabank initiated coverage on shares of Sinda (NYSE:SIND) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set a “sector outperform” rating on the stock.

A number of other analysts have also commented on SIND. Citigroup initiated coverage on shares of Sinda in a research note on Tuesday. They set a “buy” rating and a $18.00 price target for the company. BMO Capital Markets assumed coverage on shares of Sinda in a report on Tuesday. They set an “outperform” rating and a $16.00 price objective for the company. Royal Bank Of Canada assumed coverage on shares of Sinda in a report on Tuesday. They set an “outperform” rating and a $19.00 price objective for the company. Wall Street Zen raised shares of Sinda to a “hold” rating in a research report on Saturday, July 4th. Finally, UBS Group set a $19.00 target price on shares of Sinda in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $18.00.

Sinda Stock Performance

Shares of NYSE SIND traded down $0.50 during midday trading on Tuesday, hitting $13.13. 3,184 shares of the stock traded hands, compared to its average volume of 118,733. Sinda has a one year low of $10.80 and a one year 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.