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.
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.
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