Regulatory ConcernsWorries about an open-pit ban in Mexico have kept many investors on the sidelines.
Stock PerformanceGoGold shares have underperformed silver equities in USD terms, which is attributed to production at Parral, cash drag, and perceptions of a difficult Mexican permitting environment.
Valuation AdjustmentsAnalyst has reduced the price target due to more conservative valuations at Parral and reduced development resource valuations at Los Ricos North.