Gatos Silver, Inc. (NYSE:GATO - Get Free Report) traded up 6.8% on Friday . The stock traded as high as $17.25 and last traded at $17.08. 127,296 shares traded hands during trading, a decline of 76% from the average session volume of 537,591 shares. The stock had previously closed at $15.99.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. CIBC upped their price objective on shares of Gatos Silver from $15.00 to $17.50 and gave the company an "outperformer" rating in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on shares of Gatos Silver from $11.00 to $13.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 10th. Finally, Cibc World Mkts upgraded shares of Gatos Silver to a "strong-buy" rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Gatos Silver currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.90.
View Our Latest Stock Report on Gatos Silver
Gatos Silver Trading Up 15.4 %
The stock's 50-day simple moving average is $14.06 and its 200-day simple moving average is $12.09. The firm has a market capitalization of $1.28 billion, a P/E ratio of 77.91 and a beta of 2.10.
Gatos Silver (NYSE:GATO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02).
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Gatos Silver by 23,313.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company's stock worth $73,000 after buying an additional 6,994 shares during the period. XTX Topco Ltd purchased a new stake in shares of Gatos Silver during the 2nd quarter valued at $112,000. Arizona State Retirement System bought a new position in shares of Gatos Silver during the 2nd quarter valued at $121,000. Squarepoint Ops LLC bought a new stake in Gatos Silver in the 2nd quarter worth $185,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Gatos Silver in the 1st quarter worth $196,000. 44.81% of the stock is owned by institutional investors.
Gatos Silver Company Profile
(
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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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