Brokerages Set Gatos Silver, Inc. (NYSE:GATO) PT at $12.90

Shares of Gatos Silver, Inc. (NYSE:GATO) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.90.

GATO has been the topic of a number of research analyst reports. CIBC boosted 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. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group cut Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd.

Institutional Investors Weigh In On Gatos Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GATO. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 purchased a new position in Gatos Silver in the second quarter valued at $112,000. Arizona State Retirement System acquired a new position in shares of Gatos Silver in the second quarter worth about $121,000. Barclays PLC boosted its stake in shares of Gatos Silver by 1,332.9% during the 3rd quarter. Barclays PLC now owns 10,116 shares of the company’s stock worth $152,000 after acquiring an additional 9,410 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Gatos Silver during the 2nd quarter valued at about $185,000. 44.81% of the stock is owned by institutional investors and hedge funds.

Gatos Silver Trading Down 0.6 %

Shares of Gatos Silver stock opened at $14.99 on Friday. The firm’s 50 day simple moving average is $15.53 and its two-hundred day simple moving average is $14.38. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 30.59 and a beta of 1.95. Gatos Silver has a 12-month low of $5.42 and a 12-month high of $20.31.

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.