Sinda Ltd. (NYSE:SIND) Stock Has Average Price Target of $18.83

Sinda Ltd. (NYSE:SIND) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.83.

SIND has been the topic of several recent analyst reports. Scotiabank raised shares of Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings assumed coverage on shares of Sinda in a report on Monday, September 21st. They set a “sell (d)” rating for the company. Zacks Research raised shares of Sinda to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen cut shares of Sinda from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Royal Bank Of Canada assumed coverage on shares of Sinda in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 target price on the stock.

Sinda Stock Performance

SIND stock opened at $13.88 on Friday. The stock has a fifty day simple moving average of $15.29. Sinda has a twelve month low of $10.03 and a twelve month high of $18.95. The stock has a market capitalization of $2.20 billion and a price-to-earnings ratio of -106.78.

Sinda (NYSE:SIND) last released its earnings results on Friday, August 14th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). As a group, equities research analysts forecast that Sinda will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Sinda

An institutional investor recently bought a new stake in Sinda stock. Bornite Capital Management LP acquired a new position in Sinda Ltd. (NYSE:SIND) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda makes up about 0.3% of Bornite Capital Management LP’s investment portfolio, making the stock its 20th biggest holding. Bornite Capital Management LP owned approximately 0.13% of Sinda as of its most recent SEC filing.

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.