Gatos Silver, Inc. (NYSE:GATO) Given Consensus Rating of “Hold” by Analysts

Gatos Silver, Inc. (NYSE:GATO) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, 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 price objective among brokers that have issued ratings on the stock in the last year is $12.90.

Several research analysts have commented on GATO shares. CIBC boosted their target price on Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a research note on Thursday, September 26th. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a research report on Tuesday, October 22nd. Finally, Canaccord Genuity Group lowered shares of Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.

Hedge Funds Weigh In On Gatos Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in GATO. Alpine Associates Management Inc. bought a new stake in shares of Gatos Silver in the third quarter worth $20,018,000. Citigroup Inc. bought a new stake in shares of Gatos Silver in the 3rd quarter valued at about $10,676,000. Charles Schwab Investment Management Inc. increased its stake in shares of Gatos Silver by 905.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,860 shares of the company’s stock valued at $4,145,000 after buying an additional 247,510 shares during the period. Versor Investments LP bought a new position in shares of Gatos Silver during the third quarter worth about $2,953,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Gatos Silver by 18.4% in 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 period. 44.81% of the stock is currently owned by institutional investors and hedge funds.

Gatos Silver Stock Performance

Gatos Silver stock opened at $14.89 on Friday. Gatos Silver has a 52 week low of $5.42 and a 52 week high of $20.31. The stock has a market capitalization of $1.03 billion, a P/E ratio of 30.39 and a beta of 1.95. The stock has a fifty day moving average of $15.39 and a 200-day moving average of $14.41.

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.