Gatos Silver, Inc. (NYSE:GATO – Get Free Report)’s share price hit a new 52-week high during trading on Thursday after Cibc World Mkts upgraded the stock to a strong-buy rating. The company traded as high as $13.92 and last traded at $13.49, with a volume of 93436 shares traded. The stock had previously closed at $13.51.
A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Gatos Silver from $8.00 to $9.00 and gave the company a “market perform” rating in a research report on Thursday, April 11th. Royal Bank of Canada upped their price target on shares of Gatos Silver from $6.50 to $7.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 28th. CIBC increased their target price on shares of Gatos Silver from $16.00 to $18.00 and gave the company an “outperformer” rating in a research report on Wednesday. Canaccord Genuity Group raised shares of Gatos Silver from a “hold” rating to a “buy” rating and upped their price target for the company from $6.50 to $12.50 in a report on Tuesday, April 23rd. Finally, Canaccord Genuity Group raised shares of Gatos Silver from a “hold” rating to a “buy” rating and upped their price target for the company from $6.50 to $12.50 in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.80.
Check Out Our Latest Research Report on Gatos Silver
Institutional Investors Weigh In On Gatos Silver
Gatos Silver Price Performance
The stock has a 50 day moving average price of $11.30 and a two-hundred day moving average price of $8.79. The company has a market capitalization of $942.92 million, a price-to-earnings ratio of 61.95 and a beta of 2.10.
Gatos Silver (NYSE:GATO – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter.
Gatos Silver Company Profile
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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