Gatos Silver, Inc. (NYSE:GATO) Shares Sold by State Street Corp

State Street Corp decreased its holdings in shares of Gatos Silver, Inc. (NYSE:GATO - Free Report) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 797,685 shares of the company's stock after selling 89,987 shares during the period. State Street Corp owned about 1.15% of Gatos Silver worth $12,029,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Associates Management Inc. bought a new stake in shares of Gatos Silver in the third quarter worth $20,018,000. Citigroup Inc. acquired a new stake in shares of Gatos Silver during the 3rd quarter worth approximately $10,676,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Gatos Silver by 905.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,860 shares of the company's stock worth $4,145,000 after buying an additional 247,510 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Gatos Silver in the 3rd quarter valued at approximately $2,953,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Gatos Silver by 18.4% in the 2nd 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 last quarter. 44.81% of the stock is owned by institutional investors.

Gatos Silver Price Performance

Gatos Silver stock traded up $0.28 during trading hours on Thursday, reaching $14.42. The stock had a trading volume of 333,196 shares, compared to its average volume of 586,094. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 29.43 and a beta of 1.93. Gatos Silver, Inc. has a 52 week low of $5.42 and a 52 week high of $20.31. The business's 50 day moving average price is $16.42 and its 200-day moving average price is $14.13.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group reissued a "hold" rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. CIBC lifted their price objective on Gatos Silver from $15.00 to $17.50 and gave the stock an "outperformer" rating in a report on Thursday, September 26th. Royal Bank of Canada boosted their price target on Gatos Silver from $11.00 to $13.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 10th. Finally, Canaccord Genuity Group cut Gatos Silver from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.90.

Gatos Silver 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.