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 note released on Saturday morning.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets assumed coverage on Sinda in a report on Tuesday. They set an “outperform” rating and a $16.00 target price for the company. Scotiabank started coverage on Sinda in a research note on Tuesday, July 21st. They issued a “sector outperform” rating and a $19.00 price target on the stock. Citigroup initiated coverage on Sinda in a research report on Tuesday. They issued a “buy” rating and a $18.00 price objective for the company. UBS Group set a $19.00 price objective on Sinda in a research note on Tuesday. Finally, Royal Bank Of Canada began coverage on shares of Sinda in a report on Tuesday. They issued an “outperform” rating and a $19.00 target price on the stock. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sinda presently has a consensus rating of “Buy” and an average target price of $18.20.

Sinda Stock Down 3.2%

Shares of NYSE:SIND opened at $13.94 on Friday. Sinda has a 12-month low of $10.80 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.