Sinda (NYSE:SIND) Now Covered by Scotiabank

Scotiabank assumed coverage on shares of Sinda (NYSE:SIND) in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a sector outperform rating and a $19.00 target price on the stock.

Other analysts have also issued reports about the stock. UBS Group set a $19.00 price target on shares of Sinda in a research report on Tuesday. Wall Street Zen raised shares of Sinda to a “hold” rating in a research report on Saturday, July 4th. Citigroup initiated coverage on shares of Sinda in a research note on Tuesday. They issued a “buy” rating and a $18.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of Sinda in a research report on Tuesday. They issued an “outperform” rating and a $19.00 target price for the company. Finally, BMO Capital Markets initiated coverage on shares of Sinda in a research note on Tuesday. They set an “outperform” rating and a $16.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $18.20.

Sinda Stock Up 9.5%

Shares of NYSE SIND opened at $13.61 on Tuesday. Sinda has a one year low of $10.80 and a one year high of $14.99.

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.