Synergy Asset Management LLC Purchases New Position in Gatos Silver, Inc. (NYSE:GATO)

Synergy Asset Management LLC acquired a new position in shares of Gatos Silver, Inc. (NYSE:GATO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,136 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Gatos Silver by 1,332.9% during the 3rd quarter. Barclays PLC now owns 10,116 shares of the company’s stock valued at $152,000 after buying an additional 9,410 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Gatos Silver by 53.9% during the third 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 during the period. Squarepoint Ops LLC acquired a new position in shares of Gatos Silver during the second quarter worth $185,000. FORA Capital LLC acquired a new position in shares of Gatos Silver during the third quarter worth $244,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Gatos Silver in the third quarter valued at $271,000. Hedge funds and other institutional investors own 44.81% of the company’s stock.

Gatos Silver Price Performance

NYSE GATO opened at $14.40 on Friday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 29.39 and a beta of 1.95. Gatos Silver, Inc. has a 12 month low of $5.42 and a 12 month high of $20.31. The company’s fifty day moving average price is $14.83 and its two-hundred day moving average price is $14.71.

Analysts Set New Price Targets

GATO has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered shares of Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.90.

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.