State Street Corp Sells 89,987 Shares of Gatos Silver, Inc. (NYSE:GATO)

State Street Corp trimmed its stake in shares of Gatos Silver, Inc. (NYSE:GATO) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 797,685 shares of the company’s stock after selling 89,987 shares during the quarter. State Street Corp owned approximately 1.15% of Gatos Silver worth $12,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GATO. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Gatos Silver by 23,313.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company’s stock worth $73,000 after buying an additional 6,994 shares during the period. Arizona State Retirement System bought a new stake in Gatos Silver in the 2nd quarter worth $121,000. ClariVest Asset Management LLC increased its position in shares of Gatos Silver by 23.0% in the second quarter. ClariVest Asset Management LLC now owns 248,312 shares of the company’s stock valued at $2,592,000 after acquiring an additional 46,407 shares during the period. American Century Companies Inc. raised its stake in shares of Gatos Silver by 17.3% during the second quarter. American Century Companies Inc. now owns 84,930 shares of the company’s stock valued at $887,000 after acquiring an additional 12,522 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Gatos Silver by 18.4% during 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 during the last quarter. 44.81% of the stock is owned by hedge funds and other institutional investors.

Gatos Silver Stock Performance

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GATO shares. Canaccord Genuity Group downgraded Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a report on Tuesday, October 22nd. CIBC raised their target price on shares of Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada boosted their price target 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. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.