Gatos Silver, Inc. (NYSE:GATO – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.90.
GATO has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of Gatos Silver from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Cibc World Mkts raised shares of Gatos Silver to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, CIBC lifted their target price on shares of Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research note on Thursday, September 26th.
View Our Latest Stock Analysis on Gatos Silver
Hedge Funds Weigh In On Gatos Silver
Gatos Silver Stock Up 15.5 %
NYSE GATO opened at $18.47 on Monday. Gatos Silver has a twelve month low of $4.39 and a twelve month high of $18.64. The stock has a market cap of $1.28 billion, a P/E ratio of 83.95 and a beta of 2.10. The company’s 50-day simple moving average is $14.22 and its 200 day simple moving average is $12.20.
Gatos Silver (NYSE:GATO – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02).
About Gatos Silver
Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico.
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