RBC Capital Sticks to Its Hold Rating for Gatos Silver (GATO)

In a report released on March 28, Michael Siperco from RBC Capital maintained a Hold rating on Gatos Silver (GATO – Research Report), with a price target of $7.00. The company’s shares closed last Thursday at $8.39.

According to TipRanks, Siperco is an analyst with an average return of -2.8% and a 45.60% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as SSR Mining, Alamos Gold, and Eldorado Gold.

The word on The Street in general, suggests a Hold analyst consensus rating for Gatos Silver with a $6.88 average price target.

The company has a one-year high of $8.82 and a one-year low of $3.51. Currently, Gatos Silver has an average volume of 291.3K.

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.

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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.