UPDATE: RBC Capital Upgrades Gatos Silver (GATO) to Sector Perform

RBC Capital analyst Micheal Siperco upgraded Gatos Silver (NYSE: GATO) from Underperform to Sector Perform with a price target of $4.00.

The analyst comments "Our upgrade reflects our view that the bottom for GATO is likely in, pending further disclosure regarding the resource/mine plan expected in 2H22. Nonetheless, we continue to see uncertainty weighing on the stock and capping potential upside until then. While we expect solid operating results and cash flow generation in 2022, we remain cautious until there is more visibility into 2023 and beyond."

For an analyst ratings summary and ratings history on Gatos Silver click here. For more ratings news on Gatos Silver click here.

Shares of Gatos Silver closed at $4.49 yesterday.

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