Sinda (NYSE:SIND – Get Free Report) released its earnings results on Monday. The company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10), Zacks reports.
Sinda Stock Performance
NYSE SIND opened at $11.68 on Monday. The stock’s 50 day simple moving average is $14.12. Sinda has a one year low of $10.03 and a one year high of $18.95. The company has a market cap of $1.85 billion and a price-to-earnings ratio of -89.85.
Analysts Set New Price Targets
A number of brokerages have commented on SIND. UBS Group set a $19.00 target price on Sinda in a research note on Tuesday, July 21st. Scotiabank upgraded shares of Sinda to a “strong-buy” rating in a report on Thursday, July 23rd. Citigroup assumed coverage on Sinda in a report on Tuesday, July 21st. They set 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 note on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 price objective for the company. Finally, Zacks Research upgraded Sinda to a “hold” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sinda presently has a consensus rating of “Moderate Buy” and an average price target of $18.83.
View Our Latest Analysis on SIND
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.
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