JPMorgan Chase & Co. Boosts Holdings in Gatos Silver, Inc. (NYSE:GATO)

JPMorgan Chase & Co. lifted its position in shares of Gatos Silver, Inc. (NYSE:GATO) by 148.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,218 shares of the company’s stock after purchasing an additional 43,734 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Gatos Silver worth $1,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in Gatos Silver by 5.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,329,125 shares of the company’s stock worth $13,836,000 after buying an additional 64,758 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Gatos Silver during the third quarter worth about $20,018,000. Dimensional Fund Advisors LP boosted its holdings in Gatos Silver by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 943,823 shares of the company’s stock valued at $9,853,000 after purchasing an additional 146,462 shares during the last quarter. Citigroup Inc. acquired a new stake in Gatos Silver during the 3rd quarter valued at approximately $10,676,000. Finally, Geode Capital Management LLC increased its holdings in Gatos Silver by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock worth $7,759,000 after purchasing an additional 5,991 shares during the last quarter. 44.81% of the stock is currently owned by hedge funds and other institutional investors.

Gatos Silver Price Performance

Gatos Silver stock opened at $14.40 on Friday. Gatos Silver, Inc. has a 12 month low of $5.42 and a 12 month high of $20.31. The company has a fifty day moving average price of $15.00 and a two-hundred day moving average price of $14.67. The company has a market cap of $1.00 billion, a PE ratio of 29.39 and a beta of 1.95.

Analyst Ratings Changes

GATO has been the subject of several research analyst reports. Canaccord Genuity Group cut Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.