Scotiabank Initiates Coverage on Sinda (NYSE:SIND)

Research analysts at Scotiabank initiated coverage on shares of Sinda (NYSE:SIND) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a “sector outperform” rating on the stock.

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

Sinda Trading Down 3.7%

Sinda stock traded down $0.50 during trading hours on Tuesday, reaching $13.13. 3,184 shares of the stock were exchanged, compared to its average volume of 118,733. Sinda has a twelve month low of $10.80 and a twelve month high of $14.99.

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.