Scotiabank Begins Coverage on Sinda (NYSE:SIND)

Scotiabank initiated coverage on shares of Sinda (NYSE:SIND) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “sector outperform” rating and a $19.00 price target on the stock. Scotiabank’s price target points to a potential upside of 30.47% from the stock’s current price.

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

Sinda Price Performance

Shares of SIND stock opened at $14.56 on Tuesday. Sinda has a 12 month low of $10.80 and a 12 month high of $14.99.

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.