Gatos Silver, Inc. (NYSE:GATO) Given Average Rating of "Hold" by Analysts

Gatos Silver, Inc. (NYSE:GATO - Get Free Report) has received a consensus recommendation of "Hold" from the five ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $12.90.

A number of research firms recently commented on GATO. Canaccord Genuity Group lowered Gatos Silver from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group restated a "hold" rating on shares of Gatos Silver in a research report on Tuesday, October 22nd. CIBC increased their price objective on shares of 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 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.

Hedge Funds Weigh In On Gatos Silver

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Gatos Silver by 148.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,218 shares of the company's stock valued at $1,104,000 after buying an additional 43,734 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Gatos Silver in the third quarter valued at approximately $271,000. Barclays PLC increased its holdings in shares of Gatos Silver by 1,332.9% during the third quarter. Barclays PLC now owns 10,116 shares of the company's stock valued at $152,000 after acquiring an additional 9,410 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Gatos Silver by 1.2% during the third quarter. Geode Capital Management LLC now owns 514,280 shares of the company's stock worth $7,759,000 after purchasing an additional 5,991 shares during the period. Finally, Vestcor Inc bought a new position in shares of Gatos Silver in the 3rd quarter worth $398,000. Institutional investors and hedge funds own 44.81% of the company's stock.

Gatos Silver Trading Down 2.5 %

NYSE:GATO traded down $0.38 during trading hours on Friday, hitting $14.76. 374,130 shares of the company were exchanged, compared to its average volume of 362,365. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 30.12 and a beta of 1.93. Gatos Silver has a one year low of $5.42 and a one year high of $20.31. The company has a fifty day simple moving average of $15.80 and a 200 day simple moving average of $14.29.

Gatos Silver Company 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.