CIBC Maintains Outperformer on Gatos Silver, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Cosmos Chiu maintains an Outperformer rating on Gatos Silver (NYSE:GATO) but lowers the price target from $18 to $15.
September 06, 2024 | 4:25 pm
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NEUTRAL IMPACT
CIBC analyst Cosmos Chiu continues to rate Gatos Silver as an Outperformer, indicating confidence in the company's performance. However, the price target is reduced from $18 to $15, suggesting a more conservative outlook on its valuation.
The Outperformer rating suggests that the analyst believes Gatos Silver will perform better than the market average. However, the lowered price target indicates a reassessment of the company's future earnings potential or market conditions, which could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100