Sinda (NYSE:SIND) Posts Quarterly Earnings Results, Meets Estimates

Sinda (NYSE:SIND) announced its quarterly earnings data on Monday. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10), Zacks reports.

Sinda Stock Down 0.1%

Shares of NYSE SIND opened at $11.68 on Monday. The company has a market capitalization of $1.85 billion and a PE ratio of -89.85. The stock has a 50-day simple moving average of $14.12. Sinda has a 52-week low of $10.03 and a 52-week high of $18.95.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Sinda from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Zacks Research raised Sinda to a “hold” rating in a report on Tuesday, July 28th. Royal Bank Of Canada started coverage on shares of Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price target for the company. Weiss Ratings began coverage on shares of Sinda in a research note on Monday, September 21st. They issued a “sell (d)” rating on the stock. Finally, Scotiabank upgraded Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.83.

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.