Gatos Silver (NYSE:GATO – Get Free Report) was upgraded by research analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a $5.50 price objective on the stock, up from their prior price objective of $5.00. Canaccord Genuity Group’s price target would suggest a potential upside of 9.24% from the company’s previous close.
Gatos Silver Stock Up 8.3 %
Shares of NYSE:GATO opened at $5.04 on Thursday. Gatos Silver has a 52 week low of $2.20 and a 52 week high of $7.49. The stock has a market capitalization of $348.22 million, a P/E ratio of -83.99 and a beta of 2.32. The firm has a fifty day simple moving average of $4.55 and a two-hundred day simple moving average of $4.96.
Institutional Investors Weigh In On Gatos Silver
About Gatos Silver
Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It explores for silver deposits. The company 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. 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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