RBC Capital analyst Michael Siperco maintained a Hold rating on Gatos Silver (GATO – Research Report) on October 4 and set a price target of $5.50. The company’s shares closed yesterday at $4.79.
Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, SilverCrest Metals, and Coeur Mining. According to TipRanks, Siperco has an average return of -8.7% and a 29.03% success rate on recommended stocks.
Currently, the analyst consensus on Gatos Silver is a Moderate Buy with an average price target of $5.50.
See the top stocks recommended by analysts >>
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
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GATO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Gatos Silver (GATO) Company Description:
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:
