UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Gatos Silver, Inc. (NYSE:GATO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Gatos Silver, Inc. (NYSE:GATO) by 9.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 55,447 shares of the company’s stock after selling 6,029 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Gatos Silver were worth $836,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gatos Silver by 23,313.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company’s stock worth $73,000 after buying an additional 6,994 shares during the period. XTX Topco Ltd purchased a new stake in Gatos Silver in the second quarter worth $112,000. Arizona State Retirement System bought a new stake in Gatos Silver in the second quarter valued at $121,000. Squarepoint Ops LLC bought a new stake in Gatos Silver in the second quarter valued at $185,000. Finally, FORA Capital LLC purchased a new position in Gatos Silver during the 3rd quarter valued at $244,000. Hedge funds and other institutional investors own 44.81% of the company’s stock.

Analyst Ratings Changes

GATO has been the subject of a number of research reports. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Canaccord Genuity Group cut Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their price target 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. Finally, CIBC raised their price objective on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Gatos Silver currently has a consensus rating of “Hold” and a consensus price target of $12.90.

Gatos Silver Trading Down 1.1 %

Gatos Silver stock opened at $13.82 on Friday. Gatos Silver, Inc. has a 12 month low of $5.42 and a 12 month high of $20.31. The business’s fifty day simple moving average is $16.65 and its two-hundred day simple moving average is $14.04. The company has a market capitalization of $960.08 million, a price-to-earnings ratio of 28.20 and a beta of 1.93.

Gatos Silver 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.