Gatos Silver, Inc. (NYSE:GATO – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $16.88 and last traded at $16.81, with a volume of 544014 shares traded. The stock had previously closed at $15.86.
Wall Street Analysts Forecast Growth
GATO has been the topic of several analyst reports. CIBC boosted their price objective on Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a research note on Thursday, September 26th. Cibc World Mkts raised Gatos Silver to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada boosted their price objective on Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Gatos Silver presently has a consensus rating of “Moderate Buy” and an average price target of $12.90.
Get Our Latest Stock Analysis on GATO
Gatos Silver Stock Up 0.3 %
Gatos Silver (NYSE:GATO – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02).
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Sprott Inc. grew its stake in Gatos Silver by 9.1% in the fourth quarter. Sprott Inc. now owns 3,496,292 shares of the company’s stock worth $22,848,000 after purchasing an additional 291,052 shares in the last quarter. Virtu Financial LLC purchased a new stake in Gatos Silver during the fourth quarter worth $182,000. Cornerstone Investment Partners LLC purchased a new stake in Gatos Silver during the first quarter worth $172,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Gatos Silver by 6.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,292,645 shares of the company’s stock worth $10,845,000 after buying an additional 80,889 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Gatos Silver during the first quarter worth $196,000. Institutional investors 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.
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