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Gatos Silver (GATO) Stock Forecast & Price Target

-0.65 (-5.05%)
(As of 07/24/2024 ET)

Gatos Silver - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 6 Wall Street analysts who have issued ratings for Gatos Silver in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for GATO.

Consensus Price Target

-3.44% Downside
High Forecast$18.00
Average Forecast$11.80
Low Forecast$7.00

According to the 6 analysts' twelve-month price targets for Gatos Silver, the average price target is $11.80. The highest price target for GATO is $18.00, while the lowest price target for GATO is $7.00. The average price target represents a forecasted downside of -3.44% from the current price of $12.22.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
0 Buy rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$11.80$11.40$10.25$4.38
Forecasted Upside-3.44% Downside16.52% Upside11.35% Upside-0.91% Downside
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GATO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GATO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Gatos Silver Stock vs. The Competition

TypeGatos SilverBasic Materials CompaniesS&P 500
Consensus Rating Score
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-11.08% Downside308.24% Upside9.49% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Cibc World Mkts
0 of 5 stars
C. Chiu
Subscribe to MarketBeat All Access for the recommendation accuracy rating
3 of 5 stars
 Boost TargetOutperformer ➝ Outperformer$16.00 ➝ $18.00+33.23%
4/23/2024Canaccord Genuity Group
1 of 5 stars
 UpgradeHold ➝ Buy$6.50 ➝ $12.50+33.26%
4/11/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetMarket Perform ➝ Market Perform$8.00 ➝ $9.00-6.74%
3/28/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetSector Perform$6.50 ➝ $7.00-16.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:47 PM ET.

GATO Forecast - Frequently Asked Questions

What is Gatos Silver's forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Gatos Silver is $11.80, with a high forecast of $18.00 and a low forecast of $7.00.

Should I buy or sell Gatos Silver stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gatos Silver in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GATO shares.

Does Gatos Silver's stock price have much upside?

According to analysts, Gatos Silver's stock has a predicted upside of 18.89% based on their 12-month stock forecasts.

Has Gatos Silver been upgraded by Wall Street analysts recently?

Over the previous 90 days, Gatos Silver's stock had 3 upgrades by analysts.

What analysts cover Gatos Silver?

Gatos Silver has been rated by research analysts at CIBC, and Cibc World Mkts in the past 90 days.

Do Wall Street analysts like Gatos Silver more than its competitors?

Analysts like Gatos Silver more than other "basic materials" companies. The consensus rating score for Gatos Silver is 2.83 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how GATO compares to other companies.

This page (NYSE:GATO) was last updated on 7/24/2024 by Staff

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