Brokerages Set Gatos Silver, Inc. (NYSE:GATO) PT at $12.90

Gatos Silver, Inc. (NYSE:GATO) has received an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.90.

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group lowered shares of Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday. 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 note on Thursday, September 26th. Canaccord Genuity Group reaffirmed a “hold” rating on shares of Gatos Silver in a research note on Tuesday. Royal Bank of Canada upped their price objective on shares of Gatos Silver from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Finally, Cibc World Mkts raised shares of Gatos Silver to a “strong-buy” rating in a research note on Wednesday, July 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 6,994 shares in the last quarter. XTX Topco Ltd bought a new position in Gatos Silver during the second quarter worth $112,000. Arizona State Retirement System bought a new position in Gatos Silver during the second quarter worth $121,000. Squarepoint Ops LLC acquired a new position in Gatos Silver during the second quarter worth $185,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Gatos Silver during the first quarter worth $196,000. 44.81% of the stock is owned by institutional investors.

Gatos Silver Price Performance

GATO opened at $19.69 on Monday. Gatos Silver has a fifty-two week low of $4.39 and a fifty-two week high of $20.22. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 89.50 and a beta of 2.10. The company’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $12.35.

Gatos Silver (NYSE:GATO) last posted its earnings results on Tuesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02).

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.