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

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

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

Sinda Stock Down 3.2%

Shares of NYSE SIND opened at $13.94 on Friday. Sinda has a 1-year low of $10.80 and a 1-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.