Jane Street Group LLC Has $1.85 Million Stock Holdings in Gatos Silver, Inc. (NYSE:GATO)

Jane Street Group LLC boosted its stake in shares of Gatos Silver, Inc. (NYSE:GATO - Free Report) by 168.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,786 shares of the company's stock after purchasing an additional 77,073 shares during the quarter. Jane Street Group LLC owned approximately 0.18% of Gatos Silver worth $1,852,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 position in Gatos Silver during the second quarter valued at about $112,000. Arizona State Retirement System acquired a new position in Gatos Silver during the second quarter worth about $121,000. Squarepoint Ops LLC bought a new stake in Gatos Silver in the second quarter worth about $185,000. Finally, FORA Capital LLC acquired a new stake in Gatos Silver in the 3rd quarter valued at about $244,000. Institutional investors and hedge funds own 44.81% of the company's stock.

Analyst Ratings Changes

GATO has been the topic of several recent research reports. Canaccord Genuity Group cut shares of Gatos Silver from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group reaffirmed a "hold" rating on shares of Gatos Silver in a report on Tuesday, October 22nd. CIBC increased 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, Royal Bank of Canada lifted their target price on Gatos Silver from $11.00 to $13.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.90.

Gatos Silver Stock Up 2.0 %

Shares of GATO stock traded up $0.28 during trading hours on Thursday, reaching $14.42. 333,196 shares of the stock traded hands, compared to its average volume of 586,094. The business has a fifty day moving average price of $16.42 and a 200 day moving average price of $14.13. Gatos Silver, Inc. has a 1-year low of $5.42 and a 1-year high of $20.31. The firm has a market capitalization of $1.00 billion, a PE ratio of 29.43 and a beta of 1.93.

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.