$SIND

Sinda Poised to Support Large-Scale, Long-Life Silver Operations in Mexico, RBC Says

Sinda (SIND) is one of the newest and biggest undeveloped primary silver resources worldwide, which could support a large-scale and long-life operation in central Mexico, RBC Capital Markets said Tuesday.Although Sinda is in the early stages, its scale, exploration potential and substantial catalysts over the next 12 to 18 months create a differentiated risk and reward profile at current levels, according to the note.RBC modeled annual silver equivalent production of 19 million ounces over 17 years at an all-in sustaining cost of about $14 per ounce, placing Sinda among the top three primary silver producers globally, the note added.The brokerage forecasts initial production in 2032, with development spend of about $610 million and a revenue split of about 70% from silver and 30% from gold.Ongoing drilling, an updated resource estimate in early 2027, and a preliminary economic assessment in mid-2027 are key near-term catalysts, RBC said.RBC initiated Sinda with an outperform speculative risk rating and a $19 price target.Price: $13.26, Change: $+0.83, Percent Change: +6.68%

Sinda's Mexico Project Seen as Emerging Major Silver Asset, Morgan Stanley Says

Sinda (SIND) project in Mexico's Guanajuato mining district has the potential to become a major asset in one of the world's leading silver jurisdictions, Morgan Stanley said Tuesday in a report.Sinda is an exploration and development company advancing the Sinda Project, a large-scale silver-gold discovery containing about 361 million ounces of silver-equivalent inferred resources and 15 million ounces of indicated resources, with grades that rank it among the higher-quality undeveloped underground deposits in Latin America, the report said.The project offers "meaningful" resource growth and discovery potential, with only 26% of the property explored and 38% of the identified veins drilled, Morgan Stanley said.The company is expected to focus on infill drilling, resource conversion, and exploration across the Caracol and Agaves zones to support future economic studies and potentially expand the project's life-of-mine and production profile, the report said.Morgan Stanley initiated coverage of Sinda stock with an overweight rating and a $16.40 price target.Price: $12.99, Change: $+0.56, Percent Change: +4.51%

Citigroup Initiates Coverage on Sinda With Buy Rating, $18 Price Target

BMO Capital Initiates Coverage on Sinda With Outperform Rating, $16 Price Target

Scotiabank Initiates Coverage on Sinda With Sector Outperform Rating, $19 Price Target

RBC Initiates Sinda at Outperform, Speculative Risk With $19 Price Target

Morgan Stanley Initiates Sinda at Overweight With $16.40 Price Target