GSA Capital Partners LLP Decreases Stock Holdings in Gatos Silver, Inc. (NYSE:GATO)

GSA Capital Partners LLP decreased its stake in shares of Gatos Silver, Inc. (NYSE:GATO - Free Report) by 40.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,568 shares of the company's stock after selling 34,326 shares during the quarter. GSA Capital Partners LLP owned about 0.07% of Gatos Silver worth $763,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Gatos Silver by 23,313.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company's stock worth $73,000 after acquiring an additional 6,994 shares during the period. XTX Topco Ltd bought a new stake in Gatos Silver during the 2nd quarter worth approximately $112,000. Arizona State Retirement System bought a new position in shares of Gatos Silver in the second quarter worth approximately $121,000. Squarepoint Ops LLC purchased a new stake in shares of Gatos Silver in the second quarter worth $185,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Gatos Silver during the 1st quarter valued at $196,000. 44.81% of the stock is owned by institutional investors.

Gatos Silver Trading Up 4.8 %

Shares of NYSE:GATO traded up $0.76 during trading on Monday, reaching $16.66. The company's stock had a trading volume of 732,158 shares, compared to its average volume of 600,017. The stock has a market capitalization of $1.16 billion, a PE ratio of 34.00 and a beta of 2.05. The firm's 50 day simple moving average is $16.54 and its two-hundred day simple moving average is $13.40. Gatos Silver, Inc. has a 12 month low of $5.42 and a 12 month high of $20.31.

Analysts Set New Price Targets

A number of research firms have commented on GATO. Royal Bank of Canada raised their price target on 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 report on Tuesday, October 22nd. CIBC raised their price objective on Gatos Silver from $15.00 to $17.50 and gave the company an "outperformer" rating in a research report on Thursday, September 26th. Finally, Canaccord Genuity Group downgraded Gatos Silver from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.90.

About Gatos Silver

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.