707,942 Shares in Gatos Silver, Inc. (NYSE:GATO) Bought by Citigroup Inc.

Citigroup Inc. purchased a new position in Gatos Silver, Inc. (NYSE:GATO - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 707,942 shares of the company's stock, valued at approximately $10,676,000. Citigroup Inc. owned 1.02% of Gatos Silver as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Gatos Silver by 23,313.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company's stock valued at $73,000 after buying an additional 6,994 shares during the last quarter. XTX Topco Ltd acquired a new position in Gatos Silver in the 2nd quarter valued at approximately $112,000. Arizona State Retirement System bought a new stake in shares of Gatos Silver in the 2nd quarter worth approximately $121,000. Squarepoint Ops LLC bought a new stake in shares of Gatos Silver in the 2nd quarter worth approximately $185,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Gatos Silver during the 1st quarter worth approximately $196,000. 44.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Gatos Silver Trading Up 0.3 %

Shares of GATO traded up $0.04 during trading hours on Friday, hitting $15.46. 310,702 shares of the stock traded hands, compared to its average volume of 597,568. The business has a fifty day moving average of $16.76 and a 200-day moving average of $13.69. The firm has a market capitalization of $1.07 billion, a PE ratio of 31.55 and a beta of 2.05. Gatos Silver, Inc. has a 1-year low of $5.42 and a 1-year high of $20.31.

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.