Brokerages Set Sinda Ltd. (NYSE:SIND) PT at $17.60

Sinda Ltd. (NYSE:SIND) has earned an average recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.20.

A number of research analysts recently commented on the company. UBS Group set a $19.00 price target on Sinda in a research note on Tuesday. Scotiabank started coverage on shares of Sinda in a research note on Tuesday. They set a “sector outperform” rating and a $19.00 price objective on the stock. BMO Capital Markets began coverage on shares of Sinda in a research report on Tuesday. They issued an “outperform” rating and a $16.00 target price for the company. Wall Street Zen upgraded shares of Sinda to a “hold” rating in a research report on Saturday, July 4th. Finally, Royal Bank Of Canada initiated coverage on shares of Sinda in a report on Tuesday. They set an “outperform” rating and a $19.00 price target for the company.

Sinda Stock Down 2.4%

Sinda stock opened at $14.27 on Tuesday. Sinda has a one year low of $10.80 and a one year high of $15.00.

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.