Sinda (NYSE:SIND) Earns Speculative Buy Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Sinda (NYSE:SIND) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a speculative buy rating and a $19.00 target price on the stock.

Several other analysts also recently commented on SIND. BMO Capital Markets raised their price objective on shares of Sinda from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup began coverage on shares of Sinda in a research report on Tuesday, July 21st. They set a “buy” rating and a $18.00 target price on the stock. Royal Bank Of Canada assumed coverage on shares of Sinda in a research note on Tuesday, July 21st. They set an “outperform” rating and a $19.00 target price on the stock. UBS Group set a $19.00 price target on shares of Sinda in a report on Tuesday, July 21st. Finally, Zacks Research raised shares of Sinda to a “hold” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Sinda currently has an average rating of “Buy” and a consensus target price of $18.83.

Sinda Stock Performance

Shares of Sinda stock opened at $15.65 on Tuesday. Sinda has a one year low of $10.03 and a one year high of $18.13.

Sinda (NYSE:SIND) last released its earnings results on Friday, August 14th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). On average, analysts forecast that Sinda will post -0.3 earnings per share for the current year.

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.