Shares of Gatos Silver, Inc. (NYSE:GATO – Get Free Report) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $12.90.
GATO has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Cibc World Mkts upgraded shares of Gatos Silver to a “strong-buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group cut shares of Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. Finally, CIBC increased their price target on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research note on Thursday, September 26th.
Read Our Latest Report on Gatos Silver
Institutional Inflows and Outflows
Gatos Silver Trading Down 2.2 %
Shares of NYSE:GATO opened at $19.28 on Monday. The firm’s 50 day moving average is $14.98 and its two-hundred day moving average is $12.56. The firm has a market capitalization of $1.34 billion, a P/E ratio of 48.20 and a beta of 2.10. Gatos Silver has a 52 week low of $4.39 and a 52 week high of $20.22.
Gatos Silver (NYSE:GATO – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02).
Gatos Silver Company Profile
Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico.
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