Barclays PLC Grows Stock Position in Gatos Silver, Inc. (NYSE:GATO)

Barclays PLC boosted its holdings in Gatos Silver, Inc. (NYSE:GATO) by 1,332.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,116 shares of the company’s stock after acquiring an additional 9,410 shares during the period. Barclays PLC’s holdings in Gatos Silver were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. K2 Principal Fund L.P. purchased a new stake in Gatos Silver in the third quarter valued at $2,037,000. XTX Topco Ltd increased its position in shares of Gatos Silver by 103.3% during the 3rd quarter. XTX Topco Ltd now owns 21,893 shares of the company’s stock worth $330,000 after purchasing an additional 11,122 shares during the last quarter. Jane Street Group LLC raised its holdings in Gatos Silver by 168.6% in the 3rd quarter. Jane Street Group LLC now owns 122,786 shares of the company’s stock valued at $1,852,000 after buying an additional 77,073 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Gatos Silver by 53.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock valued at $163,000 after buying an additional 3,783 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in Gatos Silver during the third quarter worth about $244,000. 44.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on GATO. Royal Bank of Canada upped their price objective on shares of Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. CIBC lifted their price objective on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research note on Thursday, September 26th. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Finally, Canaccord Genuity Group cut Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.90.

Gatos Silver Price Performance

Shares of NYSE GATO opened at $15.10 on Wednesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 30.82 and a beta of 1.95. The stock’s 50-day moving average is $15.61 and its two-hundred day moving average is $14.37. Gatos Silver, Inc. has a 1-year low of $5.42 and a 1-year high of $20.31.

About Gatos Silver

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.