RBC Capital Reaffirms Their Hold Rating on Gatos Silver (GATO)

RBC Capital analyst Michael Siperco maintained a Hold rating on Gatos Silver (GATOResearch Report) on June 29 and set a price target of $5.00. The company’s shares closed yesterday at $3.78.

Siperco covers the Basic Materials sector, focusing on stocks such as Coeur Mining, Hecla Mining Company, and Pan American Silver. According to TipRanks, Siperco has an average return of -5.7% and a 33.85% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Gatos Silver with a $5.00 average price target.

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GATO market cap is currently $273.9M and has a P/E ratio of -78.88.

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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.

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