RBC Capital analyst Michael Siperco maintained a Hold rating on Gatos Silver (GATO – Research Report) on August 14 and set a price target of $5.00. The company’s shares closed yesterday at $4.37.
Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, SSR Mining, and SilverCrest Metals. According to TipRanks, Siperco has an average return of -7.1% and a 34.72% success rate on recommended stocks.
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 June 30, the company reported a quarterly GAAP net loss of $3.59 million. In comparison, last year the company had a net profit of $5.23 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 Reports Second Quarter 2023 Financial Results
- Gatos Silver Second Quarter 2023 Results Conference Call and Webcast
- 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
