Charles Schwab Investment Management Inc. Buys 247,510 Shares of Gatos Silver, Inc. (NYSE:GATO)

Charles Schwab Investment Management Inc. raised its stake in shares of Gatos Silver, Inc. (NYSE:GATO) by 905.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 274,860 shares of the company’s stock after purchasing an additional 247,510 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Gatos Silver were worth $4,145,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Versor Investments LP bought a new position in shares of Gatos Silver in the third quarter worth about $2,953,000. Alpha DNA Investment Management LLC bought a new position in Gatos Silver during the second quarter valued at approximately $404,000. Dimensional Fund Advisors LP boosted its stake in Gatos Silver by 18.4% during the second quarter. Dimensional Fund Advisors LP now owns 943,823 shares of the company’s stock valued at $9,853,000 after buying an additional 146,462 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in Gatos Silver by 23.0% during the second quarter. ClariVest Asset Management LLC now owns 248,312 shares of the company’s stock valued at $2,592,000 after buying an additional 46,407 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Gatos Silver by 5.1% during the second quarter. Mackenzie Financial Corp now owns 1,329,125 shares of the company’s stock valued at $13,836,000 after buying an additional 64,758 shares during the last quarter. Institutional investors own 44.81% of the company’s stock.

Gatos Silver Trading Down 2.6 %

Shares of NYSE GATO opened at $15.27 on Friday. The stock has a market capitalization of $1.06 billion, a PE ratio of 31.16 and a beta of 1.93. The stock’s fifty day simple moving average is $16.77 and its two-hundred day simple moving average is $13.98. Gatos Silver, Inc. has a 12-month low of $5.42 and a 12-month high of $20.31.

Analysts Set New Price Targets

A number of brokerages recently commented on GATO. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Canaccord Genuity Group downgraded Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. CIBC increased their price target on Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price target on Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.90.

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.