Gatos Silver, Inc. (NYSE:GATO) Receives $12.90 Consensus PT from Analysts

Shares of Gatos Silver, Inc. (NYSE:GATO) have received an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.90.

GATO has been the topic of several research analyst reports. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a report on Tuesday, October 22nd. CIBC upped their price objective on shares of Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a research report on Thursday, September 26th. 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, Royal Bank of Canada upped their price target on shares of Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 10th.

Gatos Silver Stock Down 0.2 %

GATO stock opened at $14.73 on Friday. Gatos Silver has a 52-week low of $5.42 and a 52-week high of $20.31. The firm has a market cap of $1.02 billion, a P/E ratio of 30.06 and a beta of 1.95. The company’s 50-day simple moving average is $15.71 and its 200-day simple moving average is $14.34.

Institutional Trading of Gatos Silver

Several large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Gatos Silver by 53.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock valued at $163,000 after buying an additional 3,783 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Gatos Silver by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock valued at $7,759,000 after acquiring an additional 5,991 shares during the last quarter. Barclays PLC grew its holdings in shares of Gatos Silver by 1,332.9% in the third quarter. Barclays PLC now owns 10,116 shares of the company’s stock valued at $152,000 after purchasing an additional 9,410 shares during the period. XTX Topco Ltd acquired a new stake in Gatos Silver during the second quarter worth about $112,000. Finally, Arizona State Retirement System purchased a new position in Gatos Silver during the second quarter worth about $121,000. Hedge funds and other institutional investors own 44.81% of the company’s stock.

About Gatos Silver

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.