RBC Capital analyst Michael Siperco maintained a Hold rating on Gatos Silver (GATO – Research Report) on July 17 and set a price target of $5.00. The company’s shares closed yesterday at $4.88.
According to TipRanks, Siperco is an analyst with an average return of -1.9% and a 45.19% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, SSR Mining, and Coeur Mining.
Currently, the analyst consensus on Gatos Silver is a Hold with an average price target of $5.00.
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Based on Gatos Silver’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $835 thousand. In comparison, last year the company had a net profit of $1.05 million
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Gatos Silver Inc is a precious metals production, development and exploration company with the objective of becoming a silver producer. The company is focused on the production and development of the Cerro Los Gatos Mine.
Read More on GATO:
- Gatos Silver Continues to Intercept High Grade Mineralization in South-East Deeps Zone at Cerro Los Gatos
- Gatos Silver reports Q2 silver production of 2.0M oz, down 13% from last year
- Gatos Silver Reports Q2 2023 Production Results
- Gatos Silver announces revocation of management cease trade orders
- Gatos Silver Announces Revocation of Management Cease Trade Orders
