Gatos Silver, Inc. (NYSE:GATO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.31 and last traded at $20.03, with a volume of 153421 shares. The stock had previously closed at $19.31.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on GATO shares. Canaccord Genuity Group reiterated a "hold" rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on Gatos Silver from $11.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Tuesday, September 10th. CIBC increased their price objective on Gatos Silver from $15.00 to $17.50 and gave the stock an "outperformer" rating in a research report on Thursday, September 26th. Canaccord Genuity Group lowered Gatos Silver from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Finally, Cibc World Mkts raised Gatos Silver to a "strong-buy" rating in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $12.90.
Read Our Latest Analysis on Gatos Silver
Gatos Silver Stock Up 3.5 %
The firm has a 50 day moving average of $15.11 and a two-hundred day moving average of $12.63. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 49.98 and a beta of 2.10.
Gatos Silver (NYSE:GATO - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02).
Hedge Funds Weigh In On Gatos Silver
A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC bought a new stake in Gatos Silver in the first quarter worth approximately $17,397,000. Dimensional Fund Advisors LP grew its stake in Gatos Silver by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 943,823 shares of the company's stock valued at $9,853,000 after acquiring an additional 146,462 shares during the period. U S Global Investors Inc. acquired a new stake in Gatos Silver in the second quarter valued at approximately $940,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Gatos Silver by 6.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,292,645 shares of the company's stock valued at $10,845,000 after acquiring an additional 80,889 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gatos Silver in the second quarter valued at approximately $702,000. 44.81% of the stock is currently owned by institutional investors.
About Gatos Silver
(
Get Free Report)
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.
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