Jane Street Group LLC Buys 77,073 Shares of Gatos Silver, Inc. (NYSE:GATO)

Jane Street Group LLC raised its stake in shares of Gatos Silver, Inc. (NYSE:GATO) by 168.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,786 shares of the company’s stock after buying an additional 77,073 shares during the quarter. Jane Street Group LLC owned about 0.18% of Gatos Silver worth $1,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lingotto Investment Management LLP grew its stake in Gatos Silver by 1.6% during 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. Mackenzie Financial Corp grew its position in shares of Gatos Silver by 5.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,329,125 shares of the company’s stock valued at $13,836,000 after purchasing an additional 64,758 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Gatos Silver during the 3rd quarter valued at $20,018,000. Dimensional Fund Advisors LP increased its holdings in shares of Gatos Silver by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 943,823 shares of the company’s stock worth $9,853,000 after purchasing an additional 146,462 shares during the period. Finally, Citigroup Inc. purchased a new stake in shares of Gatos Silver in the third quarter worth $10,676,000. 44.81% of the stock is owned by hedge funds and other institutional investors.

Gatos Silver Price Performance

Shares of NYSE GATO opened at $14.14 on Thursday. The stock has a market capitalization of $982.31 million, a P/E ratio of 28.86 and a beta of 1.93. Gatos Silver, Inc. has a one year low of $5.42 and a one year high of $20.31. The firm’s 50 day simple moving average is $16.45 and its two-hundred day simple moving average is $14.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GATO shares. CIBC upped their target price on Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a research note on Thursday, September 26th. Canaccord Genuity Group cut shares of Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price 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. Finally, Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a 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 company presently has a consensus rating of “Hold” and an average target price 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.