195,818 Shares in Gatos Silver, Inc. (NYSE:GATO) Purchased by Versor Investments LP

Versor Investments LP purchased a new stake in Gatos Silver, Inc. (NYSE:GATO - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 195,818 shares of the company's stock, valued at approximately $2,953,000. Gatos Silver makes up approximately 0.5% of Versor Investments LP's investment portfolio, making the stock its 19th biggest holding. Versor Investments LP owned about 0.28% of Gatos Silver as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Alpha DNA Investment Management LLC purchased a new stake in Gatos Silver in the second quarter valued at approximately $404,000. Dimensional Fund Advisors LP grew its position in Gatos Silver by 18.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 943,823 shares of the company's stock worth $9,853,000 after purchasing an additional 146,462 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Gatos Silver by 23.0% in the second quarter. ClariVest Asset Management LLC now owns 248,312 shares of the company's stock valued at $2,592,000 after buying an additional 46,407 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Gatos Silver by 5.1% during the second quarter. Mackenzie Financial Corp now owns 1,329,125 shares of the company's stock worth $13,836,000 after buying an additional 64,758 shares during the last quarter. Finally, Lingotto Investment Management LLP increased its position in Gatos Silver by 1.6% in the 2nd quarter. Lingotto Investment Management LLP now owns 3,503,669 shares of the company's stock valued at $36,578,000 after acquiring an additional 54,222 shares during the period. 44.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GATO has been the subject of several analyst reports. CIBC upped their price target on Gatos Silver from $15.00 to $17.50 and gave the stock an "outperformer" rating in a research note on Thursday, September 26th. Canaccord Genuity Group reaffirmed a "hold" rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on shares of Gatos Silver from $11.00 to $13.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group lowered Gatos Silver from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $12.90.

Gatos Silver Stock Down 5.1 %

Shares of NYSE GATO traded down $0.83 during midday trading on Monday, hitting $15.52. The company had a trading volume of 1,429,819 shares, compared to its average volume of 558,321. The business has a 50-day simple moving average of $16.06 and a two-hundred day simple moving average of $13.15. Gatos Silver, Inc. has a twelve month low of $4.51 and a twelve month high of $20.31. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 38.73 and a beta of 2.05.

About Gatos Silver

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico.