RBC Capital analyst Michael Siperco maintained a Hold rating on Gatos Silver (GATO – Research Report) on January 15 and set a price target of $6.50. The company’s shares closed yesterday at $6.00.
According to TipRanks, Siperco is an analyst with an average return of -8.6% and a 30.34% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Hecla Mining Company, Gatos Silver, and Coeur Mining.
Gatos Silver has an analyst consensus of Hold, with a price target consensus of $6.25, implying a 4.17% upside from current levels. In a report released on January 10, BMO Capital also assigned a Hold rating to the stock with a $6.75 price target.
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Based on Gatos Silver’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $3.29 million. In comparison, last year the company had a net profit of $1.9 million
Based on the recent corporate insider activity of 38 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.
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