Sinda (NYSE:SIND) Raised to “Hold” at Zacks Research

Sinda (NYSE:SIND) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on SIND. Citigroup assumed coverage on shares of Sinda in a research report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 target price for the company. UBS Group set a $19.00 price objective on Sinda in a research report on Tuesday, July 21st. Royal Bank Of Canada started coverage on Sinda in a report on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 price objective for the company. Scotiabank raised Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets assumed coverage on Sinda in a research note on Tuesday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.20.

Sinda Stock Down 3.7%

SIND stock opened at $12.15 on Tuesday. Sinda has a fifty-two week low of $10.03 and a fifty-two week 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.