Sinda (NYSE:SIND) Raised to Hold at Wall Street Zen

Sinda (NYSE:SIND) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Several other research analysts have also recently issued reports on SIND. Citigroup began coverage on Sinda in a report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price target on the stock. BMO Capital Markets initiated coverage on Sinda in a research note on Tuesday, July 21st. They set an “outperform” rating and a $16.00 price objective for the company. Zacks Research upgraded Sinda to a “hold” rating in a report on Tuesday, July 28th. Royal Bank Of Canada began coverage on Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $19.00 target price on the stock. Finally, Scotiabank raised Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. One investment 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. According to MarketBeat, Sinda presently has an average rating of “Buy” and an average target price of $18.20.

Sinda Trading Up 3.0%

NYSE:SIND opened at $13.20 on Friday. Sinda has a twelve month low of $10.03 and a twelve month 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.