Gatos Silver, Inc. (NYSE:GATO) Given Average Recommendation of “Hold” by Analysts

Gatos Silver, Inc. (NYSE:GATO) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.90.

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

Gatos Silver Trading Down 2.5 %

Shares of GATO opened at $14.76 on Friday. Gatos Silver has a twelve month low of $5.42 and a twelve month high of $20.31. The firm has a market capitalization of $1.03 billion, a P/E ratio of 30.12 and a beta of 1.93. The firm’s 50-day moving average is $15.89 and its two-hundred day moving average is $14.24.

Institutional Trading of Gatos Silver

A number of large investors have recently made changes to their positions in GATO. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Gatos Silver by 23,313.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company’s stock worth $73,000 after acquiring an additional 6,994 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Gatos Silver during the 2nd quarter worth $112,000. Arizona State Retirement System acquired a new stake in shares of Gatos Silver during the second quarter worth $121,000. Barclays PLC grew its position in shares of Gatos Silver by 1,332.9% in the third quarter. Barclays PLC now owns 10,116 shares of the company’s stock valued at $152,000 after purchasing an additional 9,410 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Gatos Silver in the second quarter valued at $185,000. Institutional investors and hedge funds own 44.81% of the company’s stock.

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.