Wilmington Savings Fund Society FSB Purchases New Position in Gatos Silver, Inc. (NYSE:GATO)

Wilmington Savings Fund Society FSB purchased a new stake in Gatos Silver, Inc. (NYSE:GATO) in the 3rd quarter, HoldingsChannel reports. The fund purchased 18,000 shares of the company’s stock, valued at approximately $271,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Gatos Silver by 53.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock valued at $163,000 after purchasing an additional 3,783 shares in the last quarter. Geode Capital Management LLC increased its holdings in Gatos Silver by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock valued at $7,759,000 after purchasing an additional 5,991 shares in the last quarter. Barclays PLC increased its holdings in Gatos Silver by 1,332.9% in the 3rd quarter. Barclays PLC now owns 10,116 shares of the company’s stock valued at $152,000 after purchasing an additional 9,410 shares in the last quarter. XTX Topco Ltd acquired a new stake in Gatos Silver in the 2nd quarter valued at $112,000. Finally, Arizona State Retirement System purchased a new position in Gatos Silver in the 2nd quarter valued at about $121,000. 44.81% of the stock is currently owned by institutional investors and hedge funds.

Gatos Silver Stock Performance

Shares of GATO stock opened at $14.88 on Wednesday. Gatos Silver, Inc. has a one year low of $5.42 and a one year high of $20.31. The company’s 50-day simple moving average is $16.74 and its 200-day simple moving average is $14.05. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 30.37 and a beta of 1.93.

Wall Street Analyst Weigh In

GATO has been the subject of a number of analyst reports. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of Gatos Silver from $11.00 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 10th. 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 research report on Thursday, September 26th. Finally, Canaccord Genuity Group cut shares of Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock 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.