Cubist Systematic Strategies LLC Invests $702,000 in Gatos Silver, Inc. (NYSE:GATO)

Cubist Systematic Strategies LLC bought a new stake in Gatos Silver, Inc. (NYSE:GATO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 67,271 shares of the company’s stock, valued at approximately $702,000. Cubist Systematic Strategies LLC owned approximately 0.10% of Gatos Silver as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GATO. Alpha DNA Investment Management LLC bought a new position in Gatos Silver during the second quarter valued at $404,000. ClariVest Asset Management LLC grew its position in Gatos Silver by 23.0% in the second quarter. ClariVest Asset Management LLC now owns 248,312 shares of the company’s stock worth $2,592,000 after acquiring an additional 46,407 shares in the last quarter. Dimensional Fund Advisors LP increased 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 worth $9,853,000 after acquiring an additional 146,462 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $10,845,000 after purchasing an additional 80,889 shares during the period. Finally, Lingotto Investment Management LLP lifted its stake in shares of Gatos Silver by 1.6% in the 2nd quarter. Lingotto Investment Management LLP now owns 3,503,669 shares of the company’s stock valued at $36,578,000 after purchasing an additional 54,222 shares during the last quarter. 44.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on GATO. CIBC increased their price target on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a report on Thursday, September 26th. Cibc World Mkts upgraded shares of Gatos Silver to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada lifted 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 note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.90.

Gatos Silver Stock Down 1.0 %

GATO stock opened at $16.43 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 41.08 and a beta of 2.10. Gatos Silver, Inc. has a twelve month low of $4.39 and a twelve month high of $16.95. The business’s fifty day simple moving average is $13.59 and its two-hundred day simple moving average is $11.86.

Gatos Silver (NYSE:GATO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02).

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.