Sinda Ltd. (SIND) – What Are Researchers Thinking About This Stock?

Shares of Sinda Ltd. (NYSE:SIND) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $18.83.

A number of research firms have issued reports on SIND. Weiss Ratings assumed coverage on Sinda in a research report on Monday, September 21st. They set a “sell (d)” rating for the company. UBS Group set a $19.00 price objective on Sinda in a report on Tuesday, July 21st. BMO Capital Markets lifted their price objective on Sinda from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Wall Street Zen cut Sinda from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Scotiabank raised shares of Sinda to a “strong-buy” rating in a research report on Thursday, July 23rd.

Hedge Funds Weigh In On Sinda

A hedge fund recently bought a new position in Sinda stock. Bornite Capital Management LP purchased a new position in Sinda Ltd. (NYSE:SIND) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda accounts for 0.3% of Bornite Capital Management LP’s portfolio, making the stock its 20th biggest holding. Bornite Capital Management LP owned about 0.13% of Sinda at the end of the most recent reporting period.

Sinda Price Performance

Shares of SIND stock opened at $11.52 on Thursday. The company has a 50-day moving average price of $14.02. Sinda has a twelve month low of $10.03 and a twelve month high of $18.95.

Sinda (NYSE:SIND) last released its quarterly earnings results on Monday, November 2nd. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). On average, analysts expect that Sinda will post -0.32 EPS for the current 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.