Sinda (NYSE:SIND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sinda (NYSE:SIND) from a sell rating to a hold rating in a research note published on Sunday morning.

A number of other analysts have also recently weighed in on the company. UBS Group set a $19.00 price target on Sinda in a research report on Tuesday, July 21st. Zacks Research raised shares of Sinda to a “hold” rating in a report on Tuesday, July 28th. Citigroup initiated coverage on shares of Sinda in a research note on Tuesday, July 21st. They set a “buy” rating and a $18.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of Sinda in a report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 price objective for the company. 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 for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $18.20.

Sinda Stock Down 0.8%

NYSE SIND opened at $13.07 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.