Sinda Ltd. (NYSE:SIND) Given Average Recommendation of “Buy” by Brokerages

Sinda Ltd. (NYSE:SIND) has received an average rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $17.60.

Several research analysts have commented on SIND shares. BMO Capital Markets initiated coverage on shares of Sinda in a report on Tuesday. They issued an “outperform” rating and a $16.00 price target for the company. UBS Group set a $19.00 price objective on Sinda in a research report on Tuesday. Morgan Stanley set a $16.40 price objective on Sinda and gave the company an “overweight” rating in a research note on Tuesday. Royal Bank Of Canada began coverage on Sinda in a research report on Tuesday. They set an “outperform” rating and a $19.00 target price for the company. Finally, Wall Street Zen upgraded Sinda to a “hold” rating in a research note on Saturday, July 4th.

Sinda Stock Performance

Shares of NYSE:SIND opened at $12.57 on Tuesday. Sinda has a 12 month low of $10.80 and a 12 month high of $14.99.

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.