Sinda (NYSE:SIND) Research Coverage Started at Scotiabank

Scotiabank began coverage on shares of Sinda (NYSE:SIND) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a sector outperform rating and a $19.00 price objective on the stock.

A number of other brokerages have also weighed in on SIND. UBS Group set a $19.00 target price on shares of Sinda in a research report on Tuesday. Royal Bank Of Canada initiated coverage on shares of Sinda in a report on Tuesday. They issued an “outperform” rating and a $19.00 price target on the stock. Citigroup initiated coverage on shares of Sinda in a research note on Tuesday. They issued a “buy” rating and a $18.00 price target on the stock. Wall Street Zen raised shares of Sinda to a “hold” rating in a report on Saturday, July 4th. Finally, BMO Capital Markets started coverage on shares of Sinda in a report on Tuesday. They set an “outperform” rating and a $16.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $18.20.

Sinda Price Performance

Shares of SIND opened at $14.27 on Tuesday. Sinda has a 1 year low of $10.80 and a 1 year 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.