BMO Capital Starts Gatos Silver (GATO) at Outperform

BMO Capital analyst Ryan Thompson initiates coverage on Gatos Silver (NYSE: GATO) with a Outperform rating and a price target of $10.00.

The analyst commented, "With a large, underexplored land package and a sizable reserve already established at Cerro Los Gatos, we view GATO as an attractive investment opportunity with potential to unlock value through exploration.
Additionally, we see scarcity associated with GATO's peer-leading silver exposure (we forecast 70% of revenue from silver in 2021). GATO's attractive relative valuation compared to silver peers underpins our Outperform rating."

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 $6.08 yesterday.

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