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

Shares of Gatos Silver, Inc. (NYSE:GATO) have received a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.90.

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

Institutional Inflows and Outflows

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

Gatos Silver Stock Down 0.2 %

NYSE:GATO 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 stock’s fifty day moving average is $15.71 and its two-hundred day moving average is $14.34. The company has a market capitalization of $1.02 billion, a P/E ratio of 30.06 and a beta of 1.95.

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.