Sinda (NYSE:SIND) Upgraded to “Hold” at Zacks Research

Sinda (NYSE:SIND) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on SIND. UBS Group set a $19.00 price target on Sinda in a report on Tuesday, July 21st. Royal Bank Of Canada assumed coverage on Sinda in a research note on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price objective on the stock. Citigroup started coverage on shares of Sinda in a report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price objective for the company. Wall Street Zen lowered shares of Sinda from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, BMO Capital Markets initiated coverage on shares of Sinda in a report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock. 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 company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.20.

Sinda Trading Down 3.7%

Shares of NYSE SIND opened at $12.15 on Tuesday. Sinda has a 52-week low of $10.03 and a 52-week high of $15.00.

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.