Gatos Silver, Inc. (NYSE:GATO) Shares Acquired by Barclays PLC

Barclays PLC increased its position in Gatos Silver, Inc. (NYSE:GATO) by 1,332.9% in the 3rd quarter, Holdings Channel reports. The firm owned 10,116 shares of the company’s stock after buying an additional 9,410 shares during the period. Barclays PLC’s holdings in Gatos Silver were worth $152,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in GATO. K2 Principal Fund L.P. purchased a new stake in Gatos Silver in the third quarter valued at approximately $2,037,000. XTX Topco Ltd increased its holdings in shares of Gatos Silver by 103.3% in the 3rd quarter. XTX Topco Ltd now owns 21,893 shares of the company’s stock valued at $330,000 after acquiring an additional 11,122 shares during the period. Jane Street Group LLC raised its position in Gatos Silver by 168.6% in the 3rd quarter. Jane Street Group LLC now owns 122,786 shares of the company’s stock valued at $1,852,000 after purchasing an additional 77,073 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Gatos Silver by 53.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock worth $163,000 after purchasing an additional 3,783 shares during the period. Finally, FORA Capital LLC acquired a new stake in Gatos Silver during the 3rd quarter worth $244,000. 44.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gatos Silver Stock Up 2.7 %

NYSE GATO opened at $15.10 on Wednesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 30.82 and a beta of 1.95. Gatos Silver, Inc. has a 52-week low of $5.42 and a 52-week high of $20.31. The firm has a 50-day moving average price of $15.61 and a 200 day moving average price of $14.37.

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.