Sinda (NYSE:SIND) Rating Lowered to “Sell” at Wall Street Zen

Sinda (NYSE:SIND) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other brokerages also recently commented on SIND. UBS Group set a $19.00 price objective on Sinda in a research report on Tuesday. Citigroup started coverage on Sinda in a research report on Tuesday. They set a “buy” rating and a $18.00 price objective on the stock. BMO Capital Markets started coverage on Sinda in a research note on Tuesday. They issued an “outperform” rating and a $16.00 target price for the company. Scotiabank started coverage on Sinda in a research note on Tuesday. They issued a “sector outperform” rating and a $19.00 target price for the company. Finally, Royal Bank Of Canada began coverage on Sinda in a research report on Tuesday. They issued an “outperform” rating and a $19.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $18.20.

Sinda Price Performance

SIND stock opened at $13.94 on Friday. Sinda has a twelve month low of $10.80 and a twelve month 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.