Sinda (NYSE:SIND) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Sinda (NYSE:SIND) posted its quarterly earnings data on Friday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01), Zacks reports.

Here are the key takeaways from Sinda’s conference call:

• Sinda raised $331 million through its NYSE IPO, greenshoe option, and private placement with Fresnillo, providing funding for approximately two to three years of exploration and development. Fresnillo’s investment and technical collaboration were presented as strong validation of the project.
• Phase one drilling completed nearly 61,000 meters, with infill drilling at Caracol confirming continuity and high grades, including veins generally above 500 grams per ton silver equivalent and select results reaching 14 kilograms per ton.
• The Don Diego corridor between Caracol and Agaves delivered encouraging high-grade and broader-width intercepts, raising the possibility of linking the two deposits. However, the target remains early stage and is not included in the current resource or exploration-target estimates.
• Management plans nearly 67,000 meters of additional drilling in the second half of 2026, targeting roughly 128,000 meters for the full year, alongside an updated resource estimate by year-end and a preliminary economic assessment in the second quarter of 2027.
• Sinda remains an exploration-stage developer with no production or operating cash flow, and its target of beginning Caracol production by the end of 2031 depends on continued drilling, resource conversion, permitting, and construction. The exploration decline is expected to begin construction in the second half of 2026, with contractor selection still underway.

Sinda Stock Down 3.2%

Shares of NYSE:SIND traded down $0.54 during trading on Friday, reaching $16.46. The company had a trading volume of 121,400 shares, compared to its average volume of 121,101. Sinda has a twelve month low of $10.03 and a twelve month high of $18.13.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SIND. Royal Bank Of Canada assumed coverage on Sinda in a report on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 price objective for the company. BMO Capital Markets began coverage on shares of Sinda in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $16.00 target price for the company. Wall Street Zen upgraded shares of Sinda from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Scotiabank upgraded Sinda to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Zacks Research raised Sinda to a “hold” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.20.

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.