The Globe and Mail reports in its Tuesday, June 20, edition that Canaccord Genuity analyst Lucas Pamatat has reaffirmed his "hold" recommendation for Gatos Silver. The Globe's David Leeder writes that Mr. Pamatat targets the shares at $5 (U.S.). Analysts on average target the shares at $6.33 (U.S.). Mr. Pamatat says in a note: "We visited the company's Cerro Los Gatos (CLG) mine in Chihuahua state, Mexico on June 7. We came away impressed with the quality of CLG, its strong FCF generation, and exploration results pointing to material mine life extensions. Due to the company's ongoing regulatory concerns, we remain cautious on the stock in the near term; although we acknowledge the significant progress that Gatos has made in the past 18 months, and we believe the saga is approaching its conclusion. As a result, we maintain our 'hold' rating and US$5/sh target price on the stock, which remains based on a 1.25 times multiple applied to our 2024 operating NAVPS estimate less net debt and other corporate adjustments." The Globe reported on April 9 that RBC Dominion Securities analyst Michael Siperco had upgraded Gatos Silver to "sector perform" from "underperform." The shares could then be had for $5.75 (Canadian).