Gatos Silver, Inc. (NYSE:GATO - Get Free Report) has been given a consensus rating of "Hold" by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.90.
A number of brokerages have issued reports on GATO. Royal Bank of Canada boosted their target price on shares of Gatos Silver from $11.00 to $13.00 and gave the company a "sector perform" rating in a report on Tuesday, September 10th. Canaccord Genuity Group reiterated a "hold" rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Canaccord Genuity Group cut Gatos Silver from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Finally, CIBC upped their price target on Gatos Silver from $15.00 to $17.50 and gave the company an "outperformer" rating in a research report on Thursday, September 26th.
Get Our Latest Research Report on GATO
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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. XTX Topco Ltd bought a new position in shares of Gatos Silver during the second quarter valued at about $112,000. Arizona State Retirement System purchased a new position in shares of Gatos Silver in the second quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gatos Silver by 53.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company's stock valued at $163,000 after acquiring an additional 3,783 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Gatos Silver during the 2nd quarter valued at about $185,000. 44.81% of the stock is currently owned by hedge funds and other institutional investors.
Gatos Silver Price Performance
NYSE:GATO traded down $0.31 on Friday, reaching $15.90. 6,660,808 shares of the company's stock were exchanged, compared to its average volume of 599,416. The stock has a fifty day simple moving average of $16.36 and a 200-day simple moving average of $13.26. Gatos Silver has a 52 week low of $5.42 and a 52 week high of $20.31. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 33.13 and a beta of 2.05.
About Gatos Silver
(
Get Free ReportGatos 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.
Featured Articles
Before you consider Gatos Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gatos Silver wasn't on the list.
While Gatos Silver currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
