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

Shares of Gatos Silver, Inc. (NYSE:GATO) have been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.90.

A number of research analysts have recently commented on the company. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on shares of Gatos Silver from $11.00 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, September 10th. Canaccord Genuity Group lowered shares of Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, CIBC upped their price objective on shares of Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research report on Thursday, September 26th.

Institutional Investors Weigh In On Gatos Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gatos Silver by 53.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock valued at $163,000 after acquiring an additional 3,783 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 purchasing an additional 6,994 shares during the period. XTX Topco Ltd acquired a new stake in Gatos Silver during the second quarter valued at approximately $112,000. Arizona State Retirement System bought a new stake in shares of Gatos Silver in the 2nd quarter valued at approximately $121,000. Finally, American Century Companies Inc. raised its holdings in shares of Gatos Silver by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 84,930 shares of the company’s stock worth $887,000 after buying an additional 12,522 shares in the last quarter. Institutional investors own 44.81% of the company’s stock.

Gatos Silver Stock Performance

NYSE GATO opened at $16.24 on Friday. The stock has a 50-day simple moving average of $16.27 and a 200 day simple moving average of $13.24. Gatos Silver has a twelve month low of $5.24 and a twelve month high of $20.31. The stock has a market capitalization of $1.13 billion, a PE ratio of 33.13 and a beta of 2.05.

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.