Gatos Silver (NYSE:GATO) Now Covered by CIBC

Analysts at CIBC initiated coverage on shares of Gatos Silver (NYSE:GATO) in a report issued on Monday, Analyst Price Targets reports. The firm set an “outperformer” rating and a $14.00 price target on the stock. CIBC’s target price points to a potential upside of 49.73% from the company’s current price.

Separately, BMO Capital Markets cut shares of Gatos Silver from an “outperform” rating to a “market perform” rating in a research report on Friday, January 29th.

Gatos Silver stock opened at $9.35 on Monday. Gatos Silver has a 1 year low of $5.78 and a 1 year high of $24.00. The firm has a 50-day moving average of $12.06.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. purchased a new stake in shares of Gatos Silver in the 4th quarter worth approximately $58,000. Strs Ohio purchased a new stake in shares of Gatos Silver in the 4th quarter worth approximately $74,000. Wells Fargo & Company MN purchased a new stake in shares of Gatos Silver in the 4th quarter worth approximately $173,000. New York State Common Retirement Fund purchased a new stake in shares of Gatos Silver in the 4th quarter worth approximately $173,000. Finally, American International Group Inc. bought a new position in shares of Gatos Silver during the 4th quarter worth approximately $179,000. 10.49% of the stock is owned by hedge funds and other institutional investors.

Gatos Silver Company Profile

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver ores. The company also explores for zinc, lead, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico. The company was formerly known as Sunshine Silver Mining & Refining Corporation and changed its name to Gatos Silver, Inc in October 2020.

Featured Article: Capital Gains

Receive News & Ratings for Gatos Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gatos Silver and related companies with MarketBeat.com's FREE daily email newsletter.