Charles Schwab Investment Management Inc. Acquires 247,510 Shares of Gatos Silver, Inc. (NYSE:GATO)

Charles Schwab Investment Management Inc. lifted its stake in shares of Gatos Silver, Inc. (NYSE:GATO - Free Report) by 905.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 274,860 shares of the company's stock after acquiring an additional 247,510 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.40% of Gatos Silver worth $4,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GATO. U S Global Investors Inc. bought a new position in Gatos Silver during the second quarter valued at approximately $940,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Gatos Silver by 23,313.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company's stock valued at $73,000 after purchasing an additional 6,994 shares during the last quarter. Arizona State Retirement System purchased a new position in Gatos Silver in the 2nd quarter worth $121,000. ClariVest Asset Management LLC lifted its stake in Gatos Silver by 23.0% in the second quarter. ClariVest Asset Management LLC now owns 248,312 shares of the company's stock worth $2,592,000 after purchasing an additional 46,407 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Gatos Silver by 17.3% during the second quarter. American Century Companies Inc. now owns 84,930 shares of the company's stock valued at $887,000 after buying an additional 12,522 shares during the period. 44.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on Gatos Silver from $11.00 to $13.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 10th. Canaccord Genuity Group lowered Gatos Silver from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. CIBC raised their target price on shares of Gatos Silver from $15.00 to $17.50 and gave the stock an "outperformer" rating in a report on Thursday, September 26th. Finally, Canaccord Genuity Group reiterated a "hold" rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.90.

Gatos Silver Trading Down 2.6 %

NYSE:GATO traded down $0.41 during trading hours on Friday, reaching $15.27. 390,456 shares of the company traded hands, compared to its average volume of 587,801. The business's 50-day moving average price is $16.77 and its two-hundred day moving average price is $13.98. Gatos Silver, Inc. has a 1 year low of $5.42 and a 1 year high of $20.31. The stock has a market capitalization of $1.06 billion, a P/E ratio of 31.16 and a beta of 1.93.

Gatos Silver Profile

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.