RBC Capital analyst Michael Siperco maintained a Hold rating on Gatos Silver (GATO – Research Report) on March 4 and set a price target of $6.50. The company’s shares closed yesterday at $6.95.
According to TipRanks, Siperco is an analyst with an average return of -8.6% and a 36.51% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as SSR Mining, Alamos Gold, and Eldorado Gold.
Gatos Silver has an analyst consensus of Hold, with a price target consensus of $6.63, representing a -4.60% downside. In a report released on February 21, BMO Capital also assigned a Hold rating to the stock with a $6.75 price target.
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GATO market cap is currently $483.6M and has a P/E ratio of 37.64.
Based on the recent corporate insider activity of 41 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:
- Gatos Silver Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance
- Gatos Silver Fourth Quarter and Full Year 2023 Results Conference Call and Webcast
- Gatos Silver Reports New Intercepts of High-Grade Mineralization at Cerro Los Gatos
- Gatos: CLG mine Q4 average mill throughput 3,000 tonnes per day plus
- Gatos Silver Reports 2023 Silver Production Near Top End of Guidance
