Sinda (NYSE:SIND) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Sinda (NYSE:SIND) from a sell rating to a hold rating in a research note published on Sunday morning.

Several other brokerages have also recently issued reports on SIND. Citigroup assumed coverage on Sinda in a research note on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price objective for the company. UBS Group set a $19.00 price target on shares of Sinda in a report on Tuesday, July 21st. Zacks Research upgraded shares of Sinda to a “hold” rating in a report on Tuesday, July 28th. BMO Capital Markets started coverage on shares of Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Scotiabank raised shares of Sinda to a “strong-buy” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Sinda presently has an average rating of “Buy” and an average price target of $18.20.

Sinda Trading Down 0.3%

SIND opened at $12.77 on Friday. Sinda has a 12 month low of $10.03 and a 12 month high of $15.00.

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.