Shares of Gatos Silver, Inc. (NYSE:GATO - Get Free Report) have been given a consensus recommendation of "Hold" by the five research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.90.
A number of analysts have commented on GATO shares. Royal Bank of Canada upped their price target on shares of Gatos Silver from $11.00 to $13.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 10th. CIBC upped their target price on Gatos Silver from $15.00 to $17.50 and gave the company an "outperformer" rating in a research report on Thursday, September 26th. Canaccord Genuity Group reiterated a "hold" rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group lowered Gatos Silver from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd.
Check Out Our Latest Report on GATO
Gatos Silver Stock Performance
Shares of NYSE GATO traded down $0.27 during midday trading on Tuesday, reaching $16.14. The stock had a trading volume of 349,348 shares, compared to its average volume of 590,391. Gatos Silver has a twelve month low of $5.42 and a twelve month high of $20.31. The company's 50 day moving average price is $16.75 and its 200 day moving average price is $13.90. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 33.49 and a beta of 1.93.
Institutional Trading of Gatos Silver
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 in the last quarter. XTX Topco Ltd bought a new stake in shares of Gatos Silver during the second quarter worth about $112,000. Arizona State Retirement System acquired a new stake in shares of Gatos Silver in the 2nd quarter worth about $121,000. Barclays PLC lifted its position in Gatos Silver by 1,332.9% in the 3rd 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. Finally, Squarepoint Ops LLC acquired a new position in Gatos Silver during the 2nd quarter valued at about $185,000. 44.81% of the stock is owned by institutional investors.
Gatos Silver Company Profile
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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.
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