BMO Capital analyst Kevin O’Halloran reinstated coverage of Gatos Silver with a Market Perform rating and $6.25 price target. Gatos owns 70% of the Cerro Los Gatos mine, which is a high quality asset, and management is gradually regaining credibility with the market after reserve estimation errors were uncovered in 2022, the analyst tells investors in a research note. However, with the shares offer limited room for further appreciation in the near term, says the firm.
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Read More on GATO:
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