Van ECK Associates Corp Decreases Stock Holdings in Gatos Silver, Inc. (NYSE:GATO)

Van ECK Associates Corp decreased its position in Gatos Silver, Inc. (NYSE:GATO - Free Report) by 19.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,415,505 shares of the company's stock after selling 334,576 shares during the period. Van ECK Associates Corp owned about 2.04% of Gatos Silver worth $21,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GATO. Lingotto Investment Management LLP boosted its holdings in Gatos Silver by 1.6% in the second quarter. Lingotto Investment Management LLP now owns 3,503,669 shares of the company's stock valued at $36,578,000 after acquiring an additional 54,222 shares in the last quarter. Tidal Investments LLC bought a new stake in Gatos Silver in the first quarter valued at $17,397,000. Mackenzie Financial Corp boosted its holdings in Gatos Silver by 5.1% in the second quarter. Mackenzie Financial Corp now owns 1,329,125 shares of the company's stock valued at $13,836,000 after acquiring an additional 64,758 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 in the last quarter. Institutional investors own 44.81% of the company's stock.

Gatos Silver Stock Down 1.1 %

Shares of GATO stock traded down $0.19 during mid-day trading on Tuesday, reaching $17.41. 381,403 shares of the company's stock traded hands, compared to its average volume of 554,335. Gatos Silver, Inc. has a 12 month low of $4.39 and a 12 month high of $20.31. The company has a market cap of $1.21 billion, a P/E ratio of 43.50 and a beta of 2.05. The company's 50-day moving average price is $15.70 and its 200-day moving average price is $12.95.

Gatos Silver (NYSE:GATO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02).

Analysts Set New Price Targets

Several research firms recently weighed in on GATO. CIBC lifted their price target 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. Canaccord Genuity Group reiterated a "hold" rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Canaccord Genuity Group cut shares of Gatos Silver from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on shares of Gatos Silver from $11.00 to $13.00 and gave the company 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. Four investment 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.com, Gatos Silver presently has an average rating of "Hold" and a consensus price target of $12.90.

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.