As previously reported, Canaccord downgraded Gatos Silver to Hold from Buy with an unchanged price target of $5.50 after the company released Q3 production results, citing the company’s share price appreciation over Q3 and the limited implied return to the firm’s price target. The firm forecasts 2023 production of aboput 8.7Moz Ag and about 13.9Moz AgEq for Gatos, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GATO:
- Gatos Silver downgraded to Hold from Buy at Canaccord
- Gatos Silver Continues to Intercept High Grade Mineralization at Cerro Los Gatos
- Gatos Silver announces filing of updated technical reports
- Gatos Silver Announces Filing of Updated Technical Reports
- Gatos Silver Reports Q3 2023 Production Results
