XTX Topco Ltd Invests $112,000 in Gatos Silver, Inc. (NYSE:GATO)

XTX Topco Ltd acquired a new stake in Gatos Silver, Inc. (NYSE:GATO) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 10,771 shares of the company’s stock, valued at approximately $112,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sprott Inc. grew its position in shares of Gatos Silver by 9.1% in the fourth quarter. Sprott Inc. now owns 3,496,292 shares of the company’s stock valued at $22,848,000 after purchasing an additional 291,052 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Gatos Silver by 6.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,292,645 shares of the company’s stock valued at $10,845,000 after buying an additional 80,889 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in Gatos Silver by 23.0% during the 2nd 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. Lingotto Investment Management LLP raised its holdings in shares of Gatos Silver by 1.6% in the second quarter. Lingotto Investment Management LLP now owns 3,503,669 shares of the company’s stock worth $36,578,000 after acquiring an additional 54,222 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gatos Silver in the fourth quarter valued at $182,000. 44.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. CIBC boosted their target price on shares of Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research note on Thursday, September 26th. Cibc World Mkts raised shares of Gatos Silver to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada raised their target price 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. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.90.

Gatos Silver Price Performance

NYSE GATO opened at $15.36 on Wednesday. The company has a market cap of $1.06 billion, a P/E ratio of 69.82 and a beta of 2.09. Gatos Silver, Inc. has a 12 month low of $4.39 and a 12 month high of $16.65. The company has a 50-day moving average of $12.98 and a 200-day moving average of $11.47.

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

Gatos Silver Company 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.