Sinda Ltd. (NYSE:SIND) Receives $17.60 Average PT from Analysts

Sinda Ltd. (NYSE:SIND) has been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $18.20.

Several brokerages recently commented on SIND. Citigroup started coverage on shares of Sinda in a research note on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price objective for the company. Scotiabank initiated coverage on Sinda in a report on Tuesday, July 21st. They issued a “sector outperform” rating and a $19.00 target price for the company. Royal Bank Of Canada started coverage on Sinda in a research note on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price target on the stock. UBS Group set a $19.00 price objective on Sinda in a research note on Tuesday, July 21st. Finally, BMO Capital Markets began coverage on shares of Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock.

Sinda Price Performance

SIND opened at $14.00 on Tuesday. Sinda has a 1-year low of $10.80 and a 1-year 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.